Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid

Program Fact Sheet Background In February 2010, US Treasury (Treasury) created the "Housing Finance Agency (HFA) Innovation Fund for the hardest- hit housing markets" (HFA Hardest-Hit Fund) and allocated funds under the Emergency Economic Stabilization Act of 2008 (EESA) to five states: Arizona, California, Florida, Michigan and Nevada.

Florida’s Hardest Hit Fund got off to a slow start in 2010, a time when housing values had bottomed out and hundreds of thousands of Floridians could neither sell their homes nor afford their.

Florida Housing has $10 million designated for foreclosure counseling from the National Mortgage Settlement. This funding will be allocated to: Help prevent homeowners from going into foreclosure; and

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The Florida Hardest-Hit Fund program previously provided temporary mortgage payment and reinstatement assistance, as well as principal reductions, to eligible homeowners who were struggling to make their mortgage payments. But, even though those programs were scheduled to last through 2020, Florida closed these programs to new applications after January 31, 2018 due to a lack of funding.

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This post was contributed by a community member. The views expressed here are the author’s own. Neighbor Posts florida hardest-hit fund offers Help for Homeowners in Hardship

Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid $250 million slips away from underwater homeowners as officials pass on Hardest Hit funds.

See your state’s agency website for the most current information. If your state doesn’t participate in the Hardest Hit Fund, call us at 1-800-848-9380 to discuss your mortgage options. The sooner you call, the sooner we can help. Customer eligibility and programs vary by state and are subject to change.

Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid The Florida Hardest-Hit Fund (hhf) program assists qualified florida homeowners, by providing mortgage assistance. This assistance is only available for up to 12 months (capped at $24,000), or until the homeowner finds adequate employment to resume.

HHF Florida Date: May 26, 2017 SERVICE SCHEDULE B-1 Florida Hardest Hit Fund Unemployment Mortgage Assistance Program Summary Guidelines 1. Program Overview The Unemployment Mortgage Assistance Program ("UMAP" or the "Program") focuses on the creation of a sustainable solution to keep Florida unemployed or