KabirCares.org

Hogan Launches $248 million Maryland Homeowner Assistance Fund

Yesterday, the State launched a new program, the $248 million Maryland Homeowner Assistance Fund. It will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services.

 The State of Maryland will be distributing $248 million through the fund in the following targeted amounts:

  • Approximately $171 million to provide loans to assist homeowners who have experienced financial hardship with their mortgages and $34 million to provide grants to assist with property tax, homeowner association, and other types of delinquencies
  • $10 million for the WholeHome program to help homeowners with necessary repairs and energy efficiency improvements
  • $8 million for housing counseling agencies and $3 million for legal services providers to help homeowners navigate the foreclosure process
  • $22 million for program case management, administration, and marketing and outreach to ensure eligible homeowners, including minority populations and those in especially hard-hit areas, are aware of the relief.

More information is available here:

(Visited 32 times, 1 visits today)

Comments are closed.