A mortgage relief program, for homeowners who have fallen behind on their housing payments, opens its doors with assistance in the thousands of dollars.
Mortgage relief offers grants of up to $ 20,000, reports the Los Angeles County Department of Consumer and Business Affairs (DCBA).
- The Mortgage Assistance Program will include an assistance fund that provides grants of up to $ 20,000 to qualified homeowners, in addition to expanded foreclosure prevention counseling services.
- The program is structured to benefit single-family homeowners and homeowners with four or fewer units living in communities heavily affected by COVID-19. This includes low- and moderate-income communities and those that have suffered a higher percentage of significant health impacts during the ongoing COVID-19 pandemic. Properties must be owner-occupied.
- Relief funds will be paid directly to lenders and servicers.
The Los Angeles County Mortgage Relief Program, a partnership with Los Angeles County Neighborhood Housing Services (NHS) and local HUD-approved housing counseling agencies is a $ 5.5 million initiative developed by the Board of Supervisors.
“Like many others, property owners have been fighting through no fault of their own,” said Los Angeles County Supervisor Janice Hahn.
“We designed the Mortgage Assistance Program to provide urgently needed financial relief and counseling services to more homeowners throughout Los Angeles County.”
DCBA Director Rafael Carbajal said he is excited about expanding its foreclosure prevention program to help provide assistance.
NHS will administer the relief fund and deploy funds for qualified applicants from a diverse set of cities and unincorporated areas throughout Los Angeles County, excluding the city of Los Angeles.
“NHS and our partner agencies are happy to facilitate a fund that focuses on homeowners. We hope that homeowners will also take advantage of free foreclosure prevention counseling services. We are here to help, ”said Lori Gay, NHS President and CEO.
HUD-approved nonprofit counseling agencies will provide free foreclosure prevention counseling to homeowners in multiple languages.
Starting Monday, April 12, homeowners can apply for the Mortgage Relief Program by calling (888) 895-2647 or visiting https://nhslacounty.org/mortgagereliefprogram/
To find more ways Los Angeles County can help homeowners, visit DCBA’s foreclosure prevention website at https://dcba.lacounty.gov/foreclosure-prevention/