Mortgage assistance available for Hoosiers | Local News

INDIANAPOLIS — Lt. Governor Suzanne Crouch and the Indiana Housing and Community Development Authority (IHCDA) announced the state’s mortgage relief program, the Indiana Homeowners Relief Fund ( IHAF). The portal is accepting applications for mortgage assistance for Hoosiers affected by the COVID-19 pandemic.

Under the American Rescue Plan Act, the United States Treasury Department granted Indiana $167,921,663 to be used for assistance with mortgage payments, property taxes, home insurance, and eligible Hoosiers homeowner/condominium fees.

“The Indiana Homeowners Assistance Fund (IHAF) is designed to promote housing stability and prevent foreclosures in Hoosier State,” Crouch said. “We are pleased to work with our network of program partners and participating lenders to provide this assistance. »

Applications are accepted through 877gethope.org. Accommodations can be made for owners who would prefer non-electronic applications or who would prefer assistance completing their application online by calling 877-GET-HOPE.

To qualify for the IHAF, as determined by the U.S. Treasury, at the time of application, you must:

Be a landlord who is defined as the owner-occupier of a single family home, condominium, 2, 3 or 4 family dwelling or manufactured home permanently attached to real property. The home must be located in Indiana and be the owner’s primary residence

Have an income equal to or less than 150% of the region’s median income, adjusted for household size or 100% of the national median income, whichever is greater

Having experienced financial hardship after January 21, 2020, associated with the COVID-19 pandemic

The maximum amount of IHAF assistance per household is capped at $35,000 and is limited to once per household. This assistance is paid directly to the mortgage lender and is not considered taxable income.

“IHCDA remains committed to providing federal government funds to Hoosiers in need,” said IHCDA Executive Director Jacob Sipe. “Housing stability continues to be one of our top priorities as we recover from the pandemic. We look forward to administering this Hoosiers mortgage assistance across the state.

The following documents may be required in the application:

Income documents:

Acceptable income documents may include pay stubs or other salary statements, depository institution (or bank) statements showing regular income, or a tax return from an employer

IRS Form 1099 and tax returns (for independent applicants only)

Social security, child support, unemployment, and other tax filings, if applicable

Mortgage statements or other mortgage documents

Property tax statements from your city, town or county

Home insurance statements

Homeowner or condo association fee statements

In addition to the IHAF program, the IHCDA has additional resources for Hoosiers in need of assistance:

Rental Assistance – Indiana’s Emergency Rental Assistance Program provides up to 18 months of rental and utility assistance to those who attest to having been affected by COVID-19.

Utilities Assistance – The Low-Income Household Energy Assistance Program (LIHEAP) and Low-Income Household Water Assistance Program (LIHWAP) assist homeowners and tenants of Hoosier to pay their heating, electricity and water bills: eap.ihcda.in.gov.

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