PHFA Provides Final Data for 2020 Pandemic Mortgage Relief Program

HARRISBURG, Pa., December 31, 2020 /PRNewswire/ — After five months of administering CARES financial assistance to homeowners, the Pennsylvania Housing Finance Agency is providing final summary data on the performance of the Pandemic Mortgage Assistance Program, which has begun accepting ask for it July 6. The original deadline for the program was September 30but this period was extended by an order of the Governor Tom Wolf to October 5. As a result, PMAP accepted applications via November 4.

PMAP was administered entirely by PHFA. A table providing county-by-county data for the PMAP is available on the APH website.

“Final data shows we were able to help over 2,600 homeowners with their mortgage payments by distributing over $10.1 million in CARES assistance,” said PHFA Executive Director and CEO Robin Wiesman. “While we would have liked to help even more owners, this is still a significant achievement that has made a positive difference in the lives of those who have been helped.”

Background information
The federal CARES (Coronavirus Aid, Relief and Economic Security) Act, passed in March, provided $3.9 billion for Pennsylvania. At the end of May, the General Assembly ordered $175 million of those CARES dollars to PHFA to provide assistance to struggling tenants and homeowners. The share of rental assistance was at least $150 millionand $25 million was set aside for mortgage assistance.

While June 2020, PHFA quickly developed two detailed statewide programs to quickly distribute this financial assistance to renters and homeowners in need, in accordance with legislative requirements. This effort included extensive coordination with organizations in the 67 counties that handled tenant applications. The CARES Rent Relief Program and the Pandemic Mortgage Relief Program were both launched on schedule on June 29, as required by the state’s CARES law. By law, tenant funding was to be distributed entirely by November 30, 2020.

Continuing Questions from Applicants
Applicants with ongoing questions about their rent relief applications should contact the organization in their county that processed their application. A county contact list with phone numbers, emails and mailing addresses is available on the PHFA homepage at www.phfa.org; look for the picture box with green Pennsylvania status overview.

Owner questions regarding their PMAP application should be directed to PHFA. The agency’s call center is available on weekdays from 8 a.m. to 5 p.m. to help the public and answer questions about the PMAP. The toll-free number is 1-855-U-Are-Home (827-3466). Of course, PHFA also receives calls from tenants and assists them as well.

About PHPA
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for seniors, low- and middle-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multi-family housing developments, PHFA also promotes economic development throughout the state. Since its creation by the legislator in 1972, it has generated almost $15 billion financed more than 180,750 mortgage loans for single-family homes, helped finance the construction of 138,000 rental units, distributed more than $121 million to support local housing initiatives and saved the homes of nearly 50,400 families from foreclosure. PHFA’s programs and operations are funded primarily by the sale of securities and by fees paid by program users, not by public funds. The agency is governed by a 14-member board of directors.

Media contact:
Scott Elliot
[email protected]
717-649-6522 (cell)

SOURCE Pennsylvania Housing Finance Agency

Related links

http://www.PHFA.org