Another $17 Million Awarded in Florida This Week

Florida

The Florida Department of Economic Opportunity (DEO) awarded another $17 million last week to 5,681 vulnerable homeowners which brings a total of $156 million so far. This makes the State of Florida most successful in managing the federal funds provided by the American Rescue Plan of 2021.

For more information on getting a grant and also learning about refinance programs, take a look at this.

“The Department continues to make incredible strides toward providing relief to vulnerable homeowners throughout our state who are getting back on their feet financially,” said DEO Secretary Dane Eagle. “We are pleased by the progress of this program in terms of the numbers, but the program is truly about the Florida homeowners it serves. We are grateful to learn of the impact it is making in Floridians’ lives.”

If Florida homeowners are experiencing financial hardship as a result of the Covid-19 pandemic, they may be eligible to receive up to $50,000.00 through the Florida Homeowner Assistance program. Delinquent mortgage payments, property taxes, insurance premiums, utility bills, and homeowner or condominium association dues can all be paid using these funds. The State assists in preventing mortgage defaults, foreclosures, defaults, and displacements by doing this. In accordance with Section 3206 of the American Rescue Plan Act of 2021, HAF is a nationally supported initiative. The applicants must have an income that is less than or equivalent to 150% of the Area Median Income (AMI) or 100% of the United States’ median income, whichever is higher.

“The DEO HAF team is working around the clock to expedite assistance to our state’s most vulnerable homeowners – Florida has now distributed more funding through its HAF program than California and Texas combined,” said DEO Secretary Dane Eagle. “We are committed to keeping Floridians in their homes and will continue to award relief to as many eligible Floridians as possible until funding is exhausted.”
Applications for the program are available at the official site. For more information on the eligibility requirements and how to apply, call the Homeowner Assistance Fund Customer Assistance Center (833-987-8997).

For more information on getting a grant and also learning about refinance programs, take a look at this.

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