Texas Homeowner Assistance Fund Adds Utility Bill and Future Mortgage Payments to Aid Applicants - Yahoo Finance

1 year ago 53

, /PRNewswire/ -- With record-high temperatures crossed the authorities this year, Governor Greg Abbott and the Texas Department of Housing and Community Affairs (TDHCA) announced households eligible for the Texas Homeowner Assistance Program (TXHAF) tin present use for assistance paying past owed and aboriginal inferior payments. Additionally, income-qualifying households volition person much clip to stabilize their finances with aboriginal owe payments done the program.

TXHAF logo (PRNewsfoto/Texas Department of Housing and Community Affairs)

Each eligible household tin person up to $65,000 successful full assistance for inferior bills and aboriginal owe payments.

"The State of Texas continues moving to guarantee each Texans person the accidental to pb steadfast and palmy lives successful our state, and done the Texas Homeowner Assistance Program, we are helping support families successful their homes, the lights on, and the h2o running," said Governor Abbott. "Thank you to the Texas Department of Housing and Community Affairs for moving tirelessly to enactment Texans who person experienced fiscal restraints successful caller years. I promote Texans who suffice for assistance to use for this programme to person assistance with past owed and aboriginal inferior payments."

Each household tin person up to $65,000 successful full assistance, provided successful the signifier of a grant. To beryllium eligible, homeowners indispensable conscionable the pursuing criteria:

Experienced a qualified fiscal hardship owed to the pandemic aft January 21, 2020, specified arsenic mislaid income oregon accrued expenses
Are down connected 1 oregon much payments: owe loans, spot taxes, spot insurance, homeowner/condo relation fees, and/or inferior bills
Have a household income astatine oregon beneath 100% Area Median Income (AMI) oregon 100% of the median income for the United States, whichever is greater
Own and inhabit a location successful Texas arsenic a superior residence

Since its motorboat successful March, TXHAF has disbursed much than $175M and assisted much than 18,000 unsocial households. Full programme details, an eligibility screener, programme dashboard, online exertion and much are disposable astatine TexasHomeownerAssistance.com. For questions, TXHAF has toll-free telephone halfway disposable Mon.- Fri., 8 a.m.- 6 p.m. by calling 833-651-3874. Help is disposable successful aggregate languages.

Utility Bill Assistance

TXHAF tin screen the past-due balance and up to 3 months of aboriginal payments for electricity, earthy gas, propane, h2o and wastewater inferior services, up to a maximum of $10,000. In summation to the wide TXHAF eligibility criteria, households indispensable person a past-due inferior measure dated wrong the past 45 days and indispensable ain and inhabit the residence astatine the code listed connected the past-due inferior bill.

Qualifying households tin use for inferior measure assistance careless of whether oregon not they use for owe alleviation oregon spot complaint help. If approved, payments volition beryllium made straight to the inferior vendor connected the applicant's behalf successful the signifier of 1 lump sum. The $10,000 maximum inferior assistance is included successful the $65,000 per household cap.

Future Mortgage Payments

Households with nary income oregon a debt-to-income ratio greater than 55% who are incapable to proceed making monthly owe payments tin present suffice for owe reinstatement positive up to 3 months of aboriginal payments, up to the household maximum of $65,000.

"We admit galore variables tin impact one's quality to support up with home-related expenses. By adding inferior measure assistance and aboriginal owe payments, we tin springiness them clip to question retired lodging counseling oregon ineligible assistance services, enactment with their indebtedness servicer to modify their indebtedness terms, oregon adjacent find ways to bolster their income." Bobby Wilkinson, Executive Director of TDHCA said. "It allows america to amended conscionable people's unsocial needs."

About the Texas Department of Housing and Community Affairs

The Texas Department of Housing and Community Affairs is committed to expanding just lodging prime and opportunities for Texans done the medication and backing of affordable lodging and homeownership opportunities, weatherization, and community-based services with the assistance of for-profits, nonprofits, and section governments. For much accusation astir just housing, backing opportunities, oregon services successful your area, delight visit www.tdhca.state.tx.us or the Learn astir Fair Housing successful Texas page.