Errington: Hardest Hit Fund Expands Foreclosure Prevention Assitance
Free Press Report
INDIANAPOLIS, IN – Rep. Sue Errington (D-Muncie) is pleased to announce to her community that the Hardest Hit Fund (HHF) will provide foreclosure prevention assistance to more Hoosiers under the program’s new expansion.
The HHF is a program by the Indiana Housing & Community Development Authority (IHCDA) that offers in paying mortgages to people who are unemployed through no fault of their own. After reevaluating the needs of Hoosier families, the IHCDA decided to tap into their $180 million of previously underused funds to expand assistance for foreclosure prevention.
Under the expansion, people now may qualify to receive assistance in paying their mortgage under the following situations: an involuntary and substantial reduction in employment income, a substantial reduction in household income due to death of a household member, significant expenses related to non-elective medical procedures or emergencies, or military service.
Additional program changes include a nearly doubled amount of funds available for applicants, six extra months of assistance, transition assistance, and unemployment benefits timeline extension.
“The foreclosure crisis has hit communities all throughout Indiana,” Errington said. “I am proud to bring this news back to my community so we can help our neighbors keep their homes and get back on their feet again.”