CSA's News You Can Use: HUD Mortgage Emergency Loan Program Re-Opened!

(Metropolitan Washington Council, AFL-CIO)

The U.S. Department of Housing and Urban Development has reopened the application intake for the Emergency Homeowners’ Loan Program (EHLP), a program that provides mortgage payment assistance to eligible homeowners experiencing a drop in income of at least 15 percent, directly resulting from involuntary unemployment or underemployment due to the economy and/or a medical condition. The mortgage assistance covers past-due mortgage payments, as well as a portion of the homeowner’s mortgage payment for up to 24 months (up to $50,000). The program is offered in 27 states and Puerto Rico. The deadline to apply is September 15, 2011. Since EHLP funds are provided to qualified homeowners on a first-come, first-served basis, it is critical that  homeowners provide all required documents in a timely manner or risk losing the opportunity to apply for assistance under the program. For more information, click here or call the toll-free hotline, 855-FIND-EHLP (346-3345).  
- Kathleen McKirchy