A certain population could qualify for stimulus checks worth as much as $80,000 until the year 2025.
Californians who own their homes may be eligible for mortgage relief grants on behalf of the U.S. Treasury Department.
The program, called the California Mortgage Relief Program, will help 20,000 to 40,000 struggling homeowners.
The money comes out of the American Rescue Plan’s provision called the Homeowner Assistance Fund.
The grants are specifically aimed at helping residents in disadvantaged communities and will help pay late mortgage payments that are already past due.
This program is different from the Housing is Key program, which aimed to specifically help tenants and landlords.
This program is geared only to those who own their homes and pay mortgages.
Who is eligible for the $80,000 stimulus grant?
Any resident of the state at or below 100% of the county’s area median income may apply for this one time grant.
The person applying must own either a condo, manufactured home, or single family home while proving they suffered financially because of the pandemic after Jan. 21, 2020.
Applicants need to be out of options for paying their mortgages, on public assistance, and at risk of losing their home.
Applications aren’t being accepted yet, but will be soon here. More information is available through the website as well.
Documents needed to apply for the California Mortgage Relief Program
- mortgage statement
- utility bills
- proof of income
- bank statements
If approved, applicants could see as much as $80,000 and the payment would bypass the applicant and go straight to the mortgage lender.
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