Assistance Programs Launched for San Diego Homeowners Facing Mortgage Delays
In the current economic climate, with soaring gas prices, unprecedented inflation, and escalating housing costs, an increasing number of homeowners are finding themselves under financial pressure. For those who have fallen behind on their mortgage payments, there is a glimmer of hope: assistance may be available.
CBS 8 is dedicated to serving the community by providing information on how you might access this vital assistance. Monte Jones, the president and CEO of Logan Heights Community Development Corporation (LHCDC), emphasizes the organization’s mission: “Our primary goal is to help residents maintain their homes.” This nonprofit is offering a lifeline to individuals who are behind on their mortgage payments or property taxes.
Jones explains the nature of this support: “It’s a grant, not a loan. You don’t have to repay it. This is a legitimate program funded by the state of California. There’s no need for embarrassment or fear; this program is designed to assist you.”
LHCDC is actively assisting San Diego County residents in tapping into the California Mortgage Relief Program, a state-funded initiative. “We guide our clients through the entire process, ensuring they have all necessary documents. Our aim is for them to maximize the benefits of this program, securing every possible dollar to help them stay in their homes and manage future payments,” Jones adds.
Eligible homeowners can receive up to $80,000 in assistance to catch up on their mortgage or property tax arrears. Selina Burns, a homeowner from Hemet, California, shares her experience: “The relief I felt was immense. It’s like a beacon of hope that allows you to sleep peacefully, knowing your situation is being handled.” Burns travels to Logan Heights to work with the supportive staff at LHCDC for her application process.
To qualify for this program, as verified by CBS 8, you must currently own and occupy the property as your primary residence and have experienced a financial hardship related to the pandemic.
President Jones encourages anyone in need to visit their office at 3040 Imperial Avenue or to call them at 619-858-0563 for assistance. “Our goal, especially with the holidays approaching, is to help you stay in your home. We’re here to explore every possible way to assist you,” he says.
The California Mortgage Relief Program will continue until all allocated funds are distributed, with a projected end date in 2025. While there is no strict deadline for applications, it’s important to note that funds are distributed on a first-come, first-served basis. This program represents a crucial opportunity for homeowners in distress to find the support they need during these challenging times.
