Assistance program
Emergency Homeowners’ Loan Program
-$721,272 committed in FY2018–FY2018
- Agency
- Office of Housing-Federal Housing Commissioner, HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF
- Assistance
- Direct Loans
- CFDA number
- 14.323
- What it does
- To provide assistance to homeowners who are at risk of foreclosure and have experienced a substantial reduction in income due to involuntary unemployment, or underemployment due to an adverse economic or medical condition. HUD will assist homeowners in Puerto Rico and the 32 States otherwise not funded by Treasury’s Innovation Fund for Hardest Hit Housing Markets program, based on their relative unemployment measures. Allocated award amounts have been reserved to assist homeowners living in these States.
- Who benefits
- Individuals residing in targeted States (list provided above) and Puerto Rico that have delinquent mortgages as a result of involuntary unemployment or underemployment due to an adverse economic or medical condition. Applicants/borrowers are the direct beneficiaries when they meet all eligibility criteria.
- Who applies
- Only the 32 targeted States and Puerto Rico and residents of these states are eligible to receive assistance under EHLP. States that have been determined by HUD to have substantially similar mortgage relief programs will be awarded funding allocations to administer their programs directly. Guidelines for substantially similar State programs are provided in FR-5454-N-01. Targeted States are as follows: Texas, New York, Pennsylvania, Massachusetts, Washington, Minnesota, Wisconsin, Missouri, Virginia, Colorado, Maryland, Connecticut, Kansas, Arkansas, Iowa, Louisiana, Utah, Oklahoma, Puerto Rico, Idaho, New Hampshire, New Mexico, Maine, West Virginia, Nebraska, Hawaii, Delaware, Montana, Vermont, Alaska, Wyoming, South Dakota, North Dakota and Puerto Rico. HUD will assist eligible residents of targeted States that do not have substantially similar mortgage relief programs by offering them direct loans, if they meet the following program criteria: (1) Delinquency and likelihood of foreclosure- Applicant must be at least three months delinquent on the first lien monthly mortgage payment 30 days previous to the commencement of the program; (2) Income Eligibility Limit- Applicant’s pre-event income must be equal to or less than 120 percent of the Area Median Income (AMI), as determined by HUD and adjusted for family size; (3) Loss of Household Income –The applicant has incurred a substantial reduction in income as a result of involuntary unemployment or underemployment due to adverse economic conditions, or medical conditions, and is financially unable to make full mortgage payments; (4) Resumption of Mortgage Payments-there is a reasonable prospect that the homeowner will be able to make the adjustments necessary for a full resumption of mortgage payments within 2 years; and (5) Principal Residence- the mortgaged property is the principal residence of the mortgagor (applicant). Program applicants will be assessed to determine if they meet this eligibility criteria.
- Authorized by
- Emergency Homeowners’ Relief Act of 1975 Title I (12 U.S.C. 2701) , amended and reauthorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203), approved July 21, 2010.
Committed by fiscal year
Top recipients
By dollars committed.
How to read these numbers
- Committed through this program
Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
- How it's paid
Most programs pay out one way — a grant, or a direct payment to individuals; the flow bar only appears when a program genuinely mixes types.
- Some recipients aren't itemized
For entitlement programs like Social Security and Medicare, the government reports one aggregate instead of naming tens of millions of people, so the recipient roster isn't part of the public record.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments