launching a $350 million pandemic homeowner relief fund; applications open – Daily Local

The Pennsylvania Homeowners Assistance Fund to help struggling homeowners impacted by the pandemic was launched, and applications for eligible homeowners in Chester County and Pennsylvania opened on Monday.

“As we continue to advance our COVID-19 recovery efforts, we must address the growing number of homeowners facing possible home loss and foreclosure – this program will do just that,” the governor said. Tom Wolf. “The Homeowners Relief Fund will prioritize those individuals and families most in need, as well as those who are socially disadvantaged. I am grateful that the US Treasury has approved Pennsylvania’s plan, and we can start the new year by distributing this critical funding to homeowners. »

The Commonwealth of Pennsylvania has received more than $350 million in American Rescue Plan Act funds through the United States Treasury Department’s Homeowner Assistance Fund (HAF). The fund supports Pennsylvania homeowners whose household income is at or below 150% of the area median income (AMI) who are now facing additional unforeseen financial hardship as a result of the COVID-19 pandemic. PAHAF will use these funds to provide eligible Pennsylvania homeowners with much-needed assistance to prevent and/or mitigate defaults, defaults, foreclosures, relocations, and utility disconnects.

“PAHAF will help Pennsylvania homeowners facing financial hardship due to the COVID-19 pandemic and provide them with access to financial assistance,” said state Rep. Danielle Friel-Otten, D-155e, of Uwchlan.

“Our mission is to help Pennsylvanians achieve housing stability despite the many challenges faced during these uncertain times,” said PHFA Executive Director and CEO Robin Wiessmann. “PAHAF will provide critical support to eligible Pennsylvania homeowners, enabling families to recover and helping communities weather the devastating financial and economic impacts of the pandemic.”

When PAHAF applications become available on February 1, it will be possible to complete them entirely online, eliminating the need for paper-based submissions and simplifying the process for applicants. For those who may need in-person assistance with their applications, housing counseling agencies and legal service providers across the state will be available to assist. Homeowners can learn more about PAHAF and view a list of organizations that can help by visiting www.pahaf.org or calling the PAHAF call center at 888-987-2423. The call center will be open Monday to Friday from 8 a.m. to 8 p.m.

To qualify for this assistance, eligible Pennsylvania homeowners must have experienced a reduction in income or an increase in living expenses due to the COVID-19 pandemic after January 21, 2020 (including hardship that began before January 21, 2020 but continued after that date). Dated). They must also own and currently occupy their home in Pennsylvania as their primary residence. Additionally, the program has specific income requirements to be eligible.

To see the full list of eligibility requirements, visit https://pahaf.org/am-i-eligible/.

PAHAF assistance programs available include mortgage reinstatement assistance, term mortgage payment assistance, land charge assistance, and utility payment assistance to avoid displacement. Funds will be distributed directly to mortgage lenders, servicers, utility providers and other authorized third parties, not to homeowners.

Owners and other interested parties are encouraged to visit www.pahaf.org to explore PAHAF resources and information.

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