Residents of a county in Texas are eligible to receive federal funding that will provide mortgage assistance if they fall into arrears.
The funds are intended to help those who have fallen behind on mortgage and home payments due to the pandemic.
Funding comes from the American Rescue Act in 2021.
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Funding is provided in the form of grants of up to $40,000 per household for mortgage loans.
Another $25,000 is available for property taxes, insurance, and HOA fees.
15,000 families should be eligible.
Eligibility for mortgage assistance
To qualify, you must live in Bexar County and own a home in Texas as a principal resident.
You must prove that you experienced hardship caused by the pandemic after January 21, 2020.
Your household income cannot exceed 100% AMI or 100% US, whichever is greater.
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You must prove that you have fallen behind on one of the following
- property taxes
- HOA or condo association fees