The is US Treasury I issued directives to people in United State Who are willing to apply for Homeowners Assistance Fund (HAF)through which the government will provide financial assistance to About $9.9 billion to citizens.
Created to help families who have endured financial hardships associated with the COVID-19 pandemic, HAF aims to Save money for people who need Avoiding defaults, defaults, foreclosures and displacement.
Who qualifies to motivate a home owner?
It should be noted that this scheme only corresponds to people who have experienced hardship due to the COVID-19 pandemic, which means that the impact of the virus affected their income after January 21, 2020.
Homeowners are eligible to receive HAF Participant amounts under HAF if they experience financial hardship after January 21, 2020 (including hardship that began before January 21, 2020, but continued after that date) and have income equal to or less than 150 percent of median income in the region or 100 percent of median income for the United States, whichever is greater,” explains US Treasury Department.
“A HAF participant may provide HAF funds only to the homeowner in connection with eligible expenses related to a dwelling that is the homeowner’s primary residence. HAF participants must require homeowners to certify that they experienced financial hardship after January 21, 2020. It must explain Certify the nature of financial distress (eg, job loss, decreased income, increased costs due to health care or the need to care for a family member).
The US Treasury Department It also stresses that at least 60 percent of the amount that the padding will receive must be used for “qualified expenses that help homeowners with income equal to or less than 100 percent of the median income in the area, equal to or less than 100 in the area.” cent of the median income of the United States, whichever is greater.”
In the event that you require expert assistance, it is advisable to speak to a Mortgage Services Officer and ask them to assess your circumstances and eligibility.
