HOUSE MONEY
Americans behind on their mortgages may be eligible for “secret” stimulus money. Most people are familiar with the American Rescue Plan which helps taxpayers struggling during the Covid pandemic.
Yet, the Homeowners Assistance Fund (HAF) is less well known and helps folks struggling with their house payments. The fund helps those facing delinquencies and foreclosures due to the lockdowns caused by the coronavirus outbreak.
According to the IRS, the HAF is “to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020.
“Funds from the HAF may be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and other specified purposes.
“The law prioritizes funds for homeowners who have experienced the greatest hardships, leveraging local and national income indicators to maximize the impact.”
