State Program Extends Financial Aid to Homeowners Who Qualify
MaineHousing, the Maine State Housing Authority located in Augusta, is offering a crucial lifeline to individuals struggling to keep up with mortgage payments or other housing costs due to financial hardships caused by the COVID-19 pandemic. Known as the Maine Homeowner Assistance Fund Program, this initiative aims to alleviate the burdens faced by homeowners in the state.
In a significant move, the U.S. Treasury’s Homeowner Assistance Fund has allocated a generous sum of $50 million to Maine. This funding injection will enable the state to provide much-needed relief to homeowners who have experienced financial setbacks as a direct result of the coronavirus outbreak. Shiloh LaFreniere, the town manager of Jay, highlighted this development in a recent news release.
Under the HAF program, eligible homeowners can access benefits of up to $50,000. These financial resources offer a glimmer of hope, as they can be utilized for various purposes, including addressing overdue bills and expenses. For homeowners in Maine, the funds can be used towards mortgage payments, allowing individuals to regain stability in their housing situations. Additionally, these benefits can also be applied to payments for taxes, sewer services, or other utility bills, providing much-needed relief and preventing further financial strain.
To learn more about the Maine Homeowner Assistance Fund Program and determine eligibility, individuals are encouraged to visit haf.mainehousing.org. By completing a straightforward pre-screening questionnaire available on the website, homeowners can take the first step towards accessing the support they need during these challenging times.
