Texas homeowners could receive up to $65,000 in COVID-19 relief funds


A new $842.2 million fund will provide grants to Texas homeowners who have defaulted on mortgage payments, property taxes, insurance and homeowners association fees. The Texas Homeowners Assistance Fund, operated by the Texas Department of Housing and Community Affairs, is funded by the American Rescue Plan Act of 2021.

Under the program, Texas homeowners who are in need due to the COVID-19 pandemic can receive up to $40,000 for past-due mortgage payments and up to $25,000 for past-due insurance, property taxes and HOA fees. A pilot phase is currently open to Hidalgo County residents or those who have HomeLoanServ service their mortgage.

According to Kristina Tirloni, Senior Communications Advisor at TxDHCA, the program is scheduled to open to the rest of Texans “in the coming weeks.” Tirlonie said at the time the online application would be made available to all eligible homeowners in Texas.

Qualifications for the program include owning and using a home in Texas as a primary residence, missing one of the qualifying payments, and having a household income of 100% or less of the region’s median income or 100% of the U.S. median income, whichever is greater .

To apply, applicants must submit an online application with an ID card, mortgage statement, proof of occupancy, income statement, and signed program documents.

One of the program’s goals is to prevent 35,000 home losses in 24 months, according to the TXHAF plan approved on Jan. 27. The program also aims to bring 13,000 homeowners with property tax delinquents up to date and have at least 10% of homeowners assisted in counties with persistent poverty, which includes Webb County, according to the US Economic Development Administration.

Of the fund’s $842.2 million, $693.9 million will be used to support homeowners under the approved plan. Of the remaining funds, $126.3 million will be used for administrative purposes, while $22 million is earmarked for consulting or legal services.

For more information about the program and FAQs, visit https://www.texashomeownerassistance.com/


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