Americans in 43 states are entitled to more money
Americans in 43 states are entitled to more money

Americans in 43 states are entitled to more money

Although it is still unclear whether Americans could see one fourth round of stimulus checks from the federal government, homeowners throughout the United States could be eligible for additional financial support now under the Homeowner Assistance Fund (HAF).

The purpose of HAF according to Ministry of Finance, is to “prevent overdue and defaults on mortgages, foreclosures, loss of utilities or home energy services and eviction of homeowners experiencing financial difficulties after January 21, 2020.” Homeowners can use HAF funds to help pay for mortgage payments, homeowners insurance, utility payments and other purposes.

“The law prioritizes funds for homeowners who have experienced the greatest difficulties, by leveraging local and national income indicators to maximize the impact,” the Treasury Department explained on its website.

While HAF funds are not the same as the three stimulus check The United States has been rolling out since the start of the COVID-19 pandemic, they were awarded as part of President Joe Bidens pervasive stimulus package, the U.S. rescue plan. Nearly $ 10 billion was allocated to the fund, according to the Treasury Department.

The amount of funds that have been allocated to each participant has varied, but each US state, District of Columbia and Puerto Rico were all provided with a minimum of $ 50 million each. Tribal or tribal housing units and the Department of Hawaiian Home Lands provided $ 498 million, while the territories of Guam, American Samoa, the US Virgin Islands, and the Commonwealth of the Northern Mariana Islands provided $ 30 million.

While it is unclear whether Americans could see a fourth round of stimulus checks, homeowners in the United States may be eligible for additional financial support now under the Homeowner Assistance Fund. Above, Joe Biden takes notes during a meeting with Americans who would benefit from the COVID-19 pandemic relief check that is part of the U.S. rescue plan on March 5, 2021 in Washington, DC
Samuel Corum / Getty Images

The Treasury initially released 10 percent of the funds allocated to each state or territory in 2021 so they could implement pilot programs, but the department required states to then submit implementation plans that it could review before releasing the remaining funds.

The exact amount allocated to each participant, as well as their implementation plans and feedback, can be viewed on the “HAF Plans” page of the Ministry of Finance website.

U.S. homeowners seeking financial assistance through the HAF can view the status of their state’s respective program on the National Council of State Housing Agencies’ (NCSHA) website. The HAF page of the site contains a U.S. map showing whether each state or territory currently has its HAF program open, running a HAF pilot program, or has provided preliminary information.

Most of the states currently have open HAF programs, and only seven have provided only preliminary information. Those with only preliminary information available – Delaware, Idaho, Iowa, Minnesota, Mississippi, North Dakota and Utah – do not currently accept applications for assistance, but Americans in the states seeking HAF assistance are encouraged to continue. to check their respective program. websites for updates.

Some of the websites for HAF programs that currently only offer preliminary information indicate when homeowners in the state can begin applying for HAF support. The Minnesota website states, for example, that the application period will run from May 17 to June 17.

Homeowners in states with open HAF programs can determine their eligibility and apply now by visiting their respective program sites, all of which are listed on the NCSHA page.

Only four states – Colorado, Montana, Oregon and Washington – and the District of Columbia still run pilot programs, according to the NCSHA map. Their program sites provide all the links to applications or instructions on how to determine their eligibility and talk to an advisor to work on their specific situation.

Anyone who wants to learn more about HAF programs run by tribal governments can find more information about the National American Indian Housing Council Tribal Housing Assistance Resource Hub. The hub also contains a US map, and by clicking on a specific state, a user is redirected to another page that displays all available HAF programs and websites and / or contact information for those programs.

Leave a Reply

Your email address will not be published.