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State offers help for mortgage and rent
Hoosiers struggling to pay rent or mortgages may qualify for assistance from the state under a new initiative announced Wednesday.
The Indiana Housing and Community Development Authority said it is re-instituting the mortgage payment assistance program through Indiana’s Hardest Hit Fund for homeowners. That could provide up to $30,000 to eligible Indiana homeowners. Also, the Housing and Community Development Authority has developed a new resource guide to help homeowners and renters avoid future eviction and foreclosure.
“During this public health emergency, housing stability has never been more critical,” Lt. Gov. Suzanne Crouch said in a statement. Crouch chairs the Housing and Community Development Authority board. Jacob Sipe, executive director of the authority, said one of the governor’s executive orders protects against eviction and foreclosure in the short-term. But the state wants to also identify longer-term solutions.
Indiana homeowners may be eligible for mortgage payment assistance if they:
- Own only one mortgaged home and currently reside in that home.
- Are unable to make their monthly mortgage payment and/or past-due mortgage payments because of an involuntary employment-related financial hardship such as a recent job layoff.
- Meet additional eligibility requirements based on income.
For more information online, go to www.877gethope.org or call 1-877-GET-HOPE.