STATE BY STATE HOUSING PROGRAMS

Housing Programs

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 Hardest Hit Fund

President Obama established the Hardest Hit Fund ^SM in February 2010 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.

• Key Information
• Program Documents
• Contracts & Agreements
• Press Releases

Each state’s plan is included below.  For more information about a specific plan, please contact the state housing agency directly.

Alabama ($162,521,345)
Proposal 
For more information: http://www.hardesthitalabama.com

Arizona ($267,766,006)
Proposal 
For more information: https://www.savemyhomeaz.gov/

California ($1,975,334,096)
Proposal 
For more information: www.keepyourhomecalifornia.org

Florida ($1,057,839,136)
Proposal 
For more information: https://www.flhardesthithelp.org/ 

Georgia ($339,255,819)
Proposal 
For more information: https://www.homesafegeorgia.com

Illinois ($445,603,557)
Proposal 
For more information: http://www.ihda.org/

Indiana ($221,694,139)
Proposal 
For more information: http://www.877gethope.org/

Kentucky ($148,901,875)
Proposal  
For more information: http://www.kyhousing.org/

Michigan ($498,605,738)
Proposal 
For more information: http://www.stepforwardmichigan.org

Mississippi ($101,888,323)
Proposal 
For more information: http://www.mshomesaver.com

Nevada ($194,026,240)
Proposal 
For more information: http://www.nahac.org/

New Jersey ($300,548,144)
Proposal 
For more information: http://www.state.nj.us/dca/hmfa/home/foreclosure/homekeepers.html

North Carolina ($482,781,786)
Proposal 
For more information: http://www.ncforeclosureprevention.gov/

Ohio ($570,395,099)
Proposal
For more information: http://www.savethedream.ohio.gov/

Oregon ($220,042,786)
Proposal
For more information: http://www.oregonhomeownerhelp.org/

Rhode Island ($79,351,573)
Proposal 
For more information: http://www.hhfri.org/

South Carolina ($295,431,547)
Proposal 
For more information: http://www.scmortgagehelp.com/

Tennessee ($217,315,593)
Proposal 
For more information: http://www.keepmytnhome.org

Washington DC ($20,697,198)
Proposal 
For more information: http://www.dchfa.org/

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• House prices set to drop: TD (business.financialpost.com)
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$50,000 GRANTS TO HOMEOWNERS?

HUD Emergency Homeowners' Loan Program (EHLP)

EHLP Overview

The Dodd-Frank Wall Street Reform and Consumer Protection Act provided $1 billion to HUD to implement the Emergency Homeowners' Loan Program (EHLP).

Features

The EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a drop in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. Other EHLP eligibility requirements include:

• Income Limit: Applicant has a total household income equal to, or less than, the greater of either $75,000 or120 percent of the Area Median Income (AMI) for a household size of four (4) persons previous to loss of income resulting from involuntary unemployment, underemployment, and/or medical emergency/serious injury.
• Delinquency: Applicant must be at least three months delinquent on mortgage payments, as signified by notification by their lender/servicer.
• Likelihood of Foreclosure: Applicant must have received notification of their lender's/servicer's intention to foreclose on their mortgage as a result of the delinquency, and must also certify to the likelihood that their mortgage will be foreclosed upon.
• Ability to Resume Payment: Applicant can be determined to have a reasonable likelihood of being able to resume repayment of the first mortgage obligations within 2 years, and meet other housing expenses and debt obligations when the household income rises above 85% of the previous level.
• Principal Residence: Applicant must reside in the mortgaged property as their principal residence, both at time of application and for the duration of the program loan period. The mortgaged property must also be a single family residence (1 to 4 unit structure or condominium unit).

EHLP funds will be used to assist borrowers in Puerto Rico and the 32 states not funded through theTreasury's Innovation Fund for Hardest Hit Housing Market program.

Additional program information is available on the following web pages:

• Who Does EHLP Assist?
• How Does EHLP Work?
• Am I Eligible for EHLP Assistance?
• How Do I Apply for EHLP Assistance?
• EHLP Substantially Similar States
• Contact Information and Other Borrower Resources

Related articles

• Mortgage relief for unemployed finally arrives...apply now! (hsh.com)
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• HUD Grants to Help Unemployed Stay in Homes (debbyfrank.wordpress.com)
• Weekly Recap (06/20/11-06/25/11) (hsh.com)
• The foreclosure-prevention program that works (seattletimes.nwsource.com)