Making Home Affordable: Hardest Hit Fund aims to help struggling homeowners in 10 states

| 1 Comment | No TrackBacks
The United States Department of Treasury established the Hardest Hit Fund (HHF) program in February 2010. The fund was established to provide targeted aid to families in states hit hard by the economic and housing market downturn.

Each state housing agency gathered public input to implement programs designed to meet the distinct challenges struggling homeowners in their state are facing.

States were chosen either because they are struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent since the housing market downturn.

The purpose of the program is to help those homeowners in the below mentioned states who have experienced job loss or a substantial decrease in their income with a mortgage payment bridge while they find work. 

The HHF Program will pay up to 18 months of mortgage payments (forgivable). Find a link to the specifics below;

On June 23, 2010, Treasury approved the HHF plans for the first round states:

Arizona, California, Florida, Michigan, and Nevada.

On August 4, 2010, Treasury approved the HHF plans for the second round states:

North Carolina, Ohio, Oregon, Rhode Island, and South Carolina.

Finally, Treasury approved a third round on September 23, 2010.

Georgia, Alabama, District of Columbia, Illinois, Indiana, Kentucky, Mississippi, New Jersey, and Tennessee.

Pass this info on to those who may not know of this program.
Click here for more info on HHF the specifics for each of the above-mentioned states: Hardest Hit Fund
Enhanced by Zemanta

No TrackBacks

TrackBack URL:

1 Comment

You wonder why the housing market is tanking and contractors are suffering nationwide....

Leave a comment

A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »