Home | Newsletter | Advertise
loading...

DC Aid Program for Homeowners with Economic Hardship Closes in Mid-May

  • May 3rd 2021

by Nena Perry-Brown

Homeowners in DC have access to a mortgage relief program, but just for a little while longer.

The DC Housing Finance Agency's (DCHFA) HomeSaver program offers up to $60,000 to homeowners unable to keep up with their mortgage payments. To be eligible for the program, homeowners must be unemployed, underemployed, or otherwise enduring some economic hardship that has made them delinquent on their payments and vulnerable to foreclosure. 

The grants can take the form of a lump sum that makes the homeowner current and/or ongoing payments. Applications close on May 14th.

For the unemployed and underemployed, the grants can cover up to 16 months of delinquent mortgage payments and condo/HOA fees, and/or 11 months of those payments and fees moving forward, for a maximum of 24 months or through December 2021. For those experiencing financial hardship and need a lump sum to get current on their payments, "Restore Assistance" can be used to cover any homeownership-related charges that could put the homeowner at risk of foreclosure.

See other articles related to: dc housing finance agency, dchfa, mortgage relief

This article originally published at https://dc.urbanturf.com/articles/blog/dc-aid-program-for-homeowners-with-economic-hardship-closes-soon/18208.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse