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state of Michigan. Homeowners must execute all Hardest Hit Funds application and closing documents. Eligible structures to include single-family, attached or detached, or manufactured homes on a permanent foundation attached to real property; 1- 4 unit properties are eligible if one unit is
As part of the Administration’s overall strategy for restoring stability to housing markets, HHF provides funding for state HFAs to develop locally-tailored foreclosure prevention solutions in areas that have been hard hit by home price declines and high unemployment.
Homeowners can apply online at www.StepForwardMichigan.org or call 866‐946‐7432. Blight Elimination Program. The Hardest Hit Fund Blight Elimination Program was established by the MHA in 2013 to assist Michigan communities with high vacancy rates address blighted residential properties.
9 Μαΐ 2023 · Hardest Hit Fund programs can help save your home from foreclosure. Use our state chart to learn more details about the foreclosure assistance HHF programs.
What is the Michigan Hardest Hit Fund® program? Michigan’s Hardest Hit Fund program, also known as Step Forward Michigan , is a federally funded loan program designed to help eligible homeowners who are struggling with their mortgage, condo association fees, and/or property taxes to retain ownership of their
Since 2010, the Step Forward Michigan program has provided more than $307 million in foreclosure assistance to 39,201 people at risk of losing their homes. The Step Forward Michigan DPA program provided over $29 million to help 1,995 new homeowners to purchase homes in hardest hit neighborhoods.
Hardest Hit Fund programs vary state to state, but may include the following: • Mortgage payment assistance for unemployed or underemployed homeowners • Principal reduction to help homeowners get into more affordable mortgages • Funding to eliminate homeowners’ second lien loans • Help for homeowners who are transitioning out of their ...
