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Michigan’s Hardest Hit Funds for future allocation. All funds remaining in the program will be returned to Treasury in accordance with the Agreement. Hardest Hit Funds will be available on a first come, first serve basis. If assistance is paid directly to tax authority or condominium association, homeowner will execute an additional,
You may have had a short-term hardship that resulted in the inability to make your mortgage payment. If that hardship is resolved, a repayment plan may be an option for you. We will review your application for homeowners' assistance and determine if this is an affordable option for you.
28 Ιουν 2010 · The Helping Hardest Hit Homeowners Program consists of three options which will assist homeowners to avoid foreclosure. Read more about each of the programs below, and follow the links for more information: Unemployment Mortgage Subsidy Program: When unemployed, it can become especially difficult to keep up with monthly mortgage payments.
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.
1. 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 primary residence. 2.
3 Αυγ 2011 · Helping Michigans Hardest Hit Homeowners. The Michigan Homeowner Assistance Nonprofit Housing Corporation (MHA) acting through the Michigan State Housing Development Authority (MSHDA) received $498.6 million in federal funds from the U.S. Department of Treasury.
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 ...
