The Homeowner Assistance Fund (HAF) is intended to help people who struggle with their mortgage and other housing expenses. In this article, read and find out which U.S. states still receive mortgage relief from HAF!The Homeowner Assistance Fund (HAF) is a program launched by the American Rescue Plan Act (ARPA). This program is intended to help those who struggle with their mortgage and other housing expenses because of the COVID-19 pandemic. The funds for HAF are supervised by states, territories, and tribes.
According to an article by the Consumer Financial Protection Bureau, eligible homeowners can use the financial assistance for several purposes. The assistance can help catch up on overdue mortgage payments and property taxes and settle upcoming payments in advance. The assistance also includes paying utilities and internet bills and homeowners association (HOA) fees. It also includes terminating foreclosure proceedings and even payments for home repairs costs.
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46 States That Still Receive Mortgage Relief
According to Brady, the following amounts are what the states allowed as the maximum available per household:
- $17,000: Wyoming
- $20,000: New Mexico, New Hampshire (loan), West Virginia
- $25,000: Iowa, Maine, Michigan, Montana, Ohio (loan), South Dakota (loan)
- $30,000: Hawaii, Pennsylvania, Vermont
- $35,000: Indiana (loan), Oklahoma, Utah
- $40,000: Arizona, Colorado, Nebraska, North Carolina, North Dakota, Tennessee, Virginia, Wisconsin
- $50,000: Alabama, Arkansas, Connecticut, Delaware, Georgia, Idaho (loan), Louisiana, Massachusetts, Minnesota, Mississippi, Missouri
- $60,000: Illinois, Kansas (grants and loans) Kentucky, Maryland (grants and loans), Oregon (loan), Washington
- $65,000: Texas
- $75,000: New Jersey (loan)
- $80,000: California
- $100,000: Nevada (loan)
- $120,000: Washington, D.C.
In several U.S. states, the financial assistance from HAF is provided as a grant. This means unlike loans, these payments do not have to be repaid. However, in some states, the HAF funds are offered as interest-free loans that may be forgiven in the future. This means it also does not have to be repaid unless a homeowner sells, refinances, or transfers the ownership of their home.
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