Funds from Texas Homeowners Assistance Program Still Available

Homeowners in Texas facing financial difficulties and foreclosure as a result of the Covid-19 pandemics can still apply for government funds. The Texas Homeowner Assistance program (HAF), administered by the Texas Department of Housing and Community Affairs has received almost $700 million dollars (693,881,905 to be exact, as shown on the program’s dashboard) through Biden’s American Rescue plan of 2021. It has helped over 5000 families so far providing them with an average assistance amount of $7,659.00, meaning it distributed only $50 million of the total amount. 

The Texas Homeowners Assistance Program offers up to $40,000.00 in past-due mortgage payments and up to $25,000.00 in property taxes, property insurance, and HOA fees. These funds are not given directly to homeowners, but to their service providers, tax authorities, or insurance agencies. Applicants must be at least one payment behind and they must apply for their primary residence. Their financial hardship like job loss, job reduction or medical expenses must be a result of the pandemics, and should also show they could keep up with future payments.

“You also need to be able to demonstrate that we wouldn’t just be giving money and then you get foreclosed anyway the next month. You need to be able to show that you could, going forward, pay the next month’s mortgage,” explained Texas Department of Housing and Community Affairs Executive Director Bobby Wilkinson.

A household income of less than 100% of the area median income or 100% of the national median income, whichever is greater. For more information on the Texas Homeowners Assistance Program call 1-833-651-3874 (8 a.m. to 6 p.m., Monday – Friday).

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