PURPOSE: PARTICIPANTS OF THE HOMEOWNER ASSISTANCE FUND (HAF) WILL DESIGNATE THE FINANCIAL ASSISTANCE TOWARDS MITIGATI...
$539,363,518
AI Summary
This $539.4 million payment from the Homeowner Assistance Fund helps New York homeowners who experienced financial hardship due to the COVID-19 pandemic. The program prevents mortgage delinquencies, foreclosures, and loss of utilities by providing direct financial assistance to eligible homeowners.
Key Points
- 01$539.4 million in homeowner assistance for New York
- 02Prevents mortgage delinquencies, defaults, and foreclosures
- 03Covers utilities, broadband, and housing-related expenses
- 04Funded by the Department of the Treasury
- 05Targets homeowners with incomes at or below 150% of area median income
Award Details
Official Source
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Quick Summary
- Amount
- $539.4M
- Agency
- Department of the Treasury
- Recipient
- STATE OF NEW YORK
- Type
- Direct Payment
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