CalHFA Announces More Mortgage Relief for California Families

pandemic,” said Tiena Johnson Hall, Executive Director of the California Housing Finance Agency.

One of the major new changes to eligibility, CalHFA officials say, applies to those who own residences with up to four units. Those homeowners can now apply for assistance. Relief through the program has also extended to those with partial-claim second mortgages or loan deferrals from the beginning of 2020.

Additionally, for homeowners who have missed at least two mortgage payments or one property payment before March 1st of this year, the delinquency date for payments has been reset.

Previous beneficiaries of the program are now eligible for additional funds that could add up to

$80,000 in total aid. Officials say the program is meant for those who have had trouble keeping up with housing payments due to the COVID-19 pandemic.

Funding for the California Mortgage relief program comes from the Federal Government’s American Rescue Plan Act’s Homeowners Assistance Fund implemented in 2021, which allocated $1 billion for eligible homeowners across the country.

According to Hall, the program has distributed federal grants and funds to over 10,000 California homeowners.

Not only is applying to the program free, she says, homeowners do not have to worry about paying back the relief funds.

The program is provided to homeowners through the CalHFA Homeowner Relief Corporation.

During the press conference held in the first continued on page