
The Governor’s Office has launched a federally funded program to help homeowners who are behind on their mortgage due to the pandemic. Louisiana Office of Community Development Deputy Executive Director Gina Campo says the state has received nearly $147-million to give out.
“To those individuals who are homeowners who have experienced some financial impact and are behind on their mortgage payments and at-risk housing instability,” said Campo.
The Louisiana Homeowner Assistance Fund is bankrolled by the $10-Billion American Rescue Plan Act, of which Louisiana gets $147-million. Homeowners whose ability to pay their mortgage were hobbled by the COVID pandemic and lockdown must meet certain financial criteria to qualify for up to $25-thousand in mortgage assistance.
“Those funds are paid directly to the individual’s loan servicer or lender,” said Campo.
The program is available statewide to homeowners experiencing financial hardship after January 21, 2020, and earning less than 150 percent of the area median income, which is $49,500 or the 100 percent of the national median income, which is $31,133 a year, whichever is greater, based on U.S. Department of Housing and Urban Development income data.
To learn more about the program or to apply, visit haf.lacovidhousing.com. or (833) 88-LAHAF.
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