STRUGGLING HOMEOWNERS CAN APPLY FOR MORE ASSISTANCE
Struggling homeowners can apply for extra stimulus relief as part of a $10billion Homeowner’s Assistance Fund.
The US Treasury says the program is also aimed at preventing foreclosures, the loss of utilities or home energy services, and the displacement of homeowners suffering financial hardship.
Homeowners are advised to apply for the funding if they are struggling with expenses, according to Yahoo! Finance.
To qualify, homeowners must have lower incomes and have suffered a financial hardship such as a job loss after January 21, 2020.
Applicants must have income equal to or less than 150 percent of their area’s median income.
For homeowners applying for HAF help, they must also hold a mortgage balance of less than $548,250 as of 2021.