New mortgage assistance program opens for homeowners | News – World

WASHINGTON — Congressman David Scott (GA-13) and Georgia Community Affairs Commissioner Christopher Nunn announce the launch of the Georgia Homeowner Assistance Fund, a $354 million stimulus fund designed to help homeowners affected by of the pandemic for mortgage arrears, defaults, foreclosures, and past-due utilities.

The GA Homeowner Assistance Fund, administered by Georgia’s DCA, is funded by Scott’s Bill HR 1710, legislation included in the American Rescue Plan Act, which was signed last year and gave states a $10 billion lifeline Bid to launch robust Homeowner Assistance Programs centerpiece of nation’s COVID-19 relief response.

“Help is there for millions across the country and thousands here in Metro-Atlanta who are struggling to make ends meet and stay afloat on their mortgage payments due to COVID-19,” Scott said. “Over the past few months, I’ve worked closely with Commissioner Sam Nunn and community partners to connect struggling Georgia homeowners to their share of the $10 billion homeowner relief fund I’m supporting under the Biden administration’s US bailout plan have secured. With the launch of the Georgia Department of Community Affairs’ new homeowner support portal, our state-to-state collaboration can help working and middle-class homeowners who were unfortunate last year due to COVID-19 be able to stay in the communities they love.”

DCA’s commissioner echoed Scott’s views. “We are pleased to announce this fund. As the state housing agency, DCA is responsible for a variety of affordable housing programs statewide, including the Housing Choice Voucher Program, Affordable Housing Development with Tax Credits, and the Georgia Dream program, which has helped 7,050 first-time homebuyers achieve their dreams of homeownership ‘ said Nunn. “This program is based on federal guidelines and is similarly aligned with a program that DCA administered after the Great Recession. According to our data, this program will target approximately 2.8% of Georgians, or more than 35,000 households, who are more than 90 days late on their mortgage payments. ”

Homeowners can come to visit georgiamortgageassistance.ga.gov apply. Applicants must provide a driver’s license, mortgage and tax returns, and/or proof of income documents.

For more information, contact DCA at [email protected] or at 1-877-519-4443.

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Reference-www.nach-welt.com

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