Depletion of Funds Forces Kansas Homeowner Assistance Fund into ‘Hold Phase’
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The Kansas Homeowner Assistance Fund (KHAF), a program designed to help homeowners in Kansas who have been adversely affected by the COVID-19 pandemic, has reached the second phase of its closure. The KHAF program was established using funds from the American Rescue Plan Act to provide temporary financial assistance to homeowners who were struggling to make mortgage payments and avoid foreclosure.
In a statement released by the Kansas Housing Resources Corporation (KHRC), it was revealed that almost all of the funds allocated for the program have been distributed. This means that the program has reached the “hold phase”, which is the second of the three phases of the closure process.
The KHRC has encouraged households to apply for assistance during the Final Funding Phase which ended on Jan. 30, 2023. The program has now received enough applications to exhaust all current funds. Applications submitted during this phase will still be reviewed and processed subject to the availability of funds.
The three phases of the KHAF closure process are as follows:
Final Funding Phase: Homeowners seeking KHAF support were encouraged to apply before Jan. 30, 2023, to be considered for final funding.
Hold Phase: The program has now received enough applications to fully expend all KHAF funds. Applications submitted during this phase will be placed on hold and will not be reviewed or processed unless sufficient program funds are available.
Closure Phase: When all program funds are exhausted, the program will close and will stop accepting new applications.
Since the program’s launch in April 2022, KHAF has provided $42,599,772 in assistance to 3,797 households. However, with the program now in its hold phase, there will be no new applications reviewed or processed unless additional funding becomes available.
For further inquiries, KHAF customer service can be reached at 855-307-5423, or applicants can refer to the KHAF closure FAQs. The KHRC has confirmed that its ongoing housing programs will continue to serve the needs of Kansans beyond the closure of the KHAF program.
