The Consumer Financial Protection Bureau has created an online resource that provides access to Housing Assistance Fund programs across the country for homeowners who need assistance bringing their loans current.
In related news, New York updated its HAF website this week to inform homeowners that “it will not be accepting applications after February 18th. Starting on February 19th, interested homeowners will be added to a waiting list.”
The HAF program was established under the American Rescue Plan that was signed into law in March 2021. States will distribute nearly $10 billion to eligible homeowners, including reverse mortgage borrowers who are delinquent on their tax and/or insurance payments.
The CFPB’s resource page provides background information on the HAF program and links to a national map created by the National Council of State Housing Agencies, whose members will distribute the funds. There are currently 23 states and territories that have been approved by the Treasury Department to start accepting applications with more states getting approved in the coming weeks ahead.