The administrators of the California Mortgage Relief (“Housing Assistance Fund”) Program released a Community Outreach Toolkit to help spread the word about this resource to homeowners financially impacted by the COVID-19 pandemic.
The multi-cultural toolkit is available is several languages and can be found on the program’s website at CaMortgageRelief.org/partner-resources.
The California Mortgage Relief Program was established under the American Rescue Plan that was signed into law in March 2021. There are currently 29 states and Guam that have started distributing nearly $10 billion to eligible homeowners, including reverse mortgage borrowers who are delinquent on their tax and/or insurance payments.
“Community groups have their fingers on the pulse of our neighborhoods and deeply understand the struggle many homeowners have faced over the past two years,” said Rebecca Franklin, President of CalHFA Homeowner Relief Corporation. “Because these groups work closely with many of the homeowners who would benefit from the California Mortgage Relief Program, we want to provide essential resources they can share within their communities.”
The toolkit includes program flyers and social media posts with important information, such as where and how to apply, who is eligible and where applicants can find assistance. It aims to encourage homeowners facing financial hardship due to the pandemic to learn about eligibility requirements, complete an application, and take full advantage of $1 billion in federal funds allocated to help Californians catch up on missed mortgage payments and stay in their homes.
About California Mortgage Relief Program
While the COVID-19 pandemic has affected millions of Americans and created turmoil for homeowners, California is receiving $1 billion in mortgage relief funds from the American Rescue Plan Act’s Homeowner Assistance Fund. Homeowners who have fallen behind on their housing payments or have reverse mortgage arrearages due to pandemic-related financial hardship can use these funds to get caught up.
The California Mortgage Relief Program is being provided to homeowners through the CalHFA Homeowner Relief Corporation as part of the state’s Housing is Key initiative.