Michigan Homeowners Continue to Benefit from State Relief Efforts

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The COVID-19 pandemic has had a widespread impact on individuals and families across the country, and homeowners have not been exempt from its effects. In an effort to address the challenges faced by homeowners in Michigan, the Michigan State Housing Development Authority has initiated a program to provide financial assistance to those who have been affected by the pandemic.

The funding for the program has been allocated from the American Rescue Plan Act, which was passed by Congress in March 2021 to address the economic fallout of the pandemic. With this funding, the program aims to prevent foreclosure and provide stability for homeowners who may have lost their job during the pandemic.

Virginia mortgage programs may be able to save you hundreds every month. A new 2024 mortgage may be able to give relief to homeowners. Unfortunately, most Americans will not receive their mortgage benefits because they are not aware of some of these programs. You do not need to pay anything to check how much you could get.

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Mary Townley, who serves as the director of homeownership at the agency, emphasized the importance of keeping individuals in their homes during these trying times. She stated, “It’s just important to keep individuals in their home. It provides stability for that family.”

To qualify for the program, homeowners must provide documentation of financial hardship. Grants of up to $25,000 are available to eligible homeowners, and the program provides assistance for delinquent mortgage payments, past due balances, delinquent property taxes, and even delinquent utilities.

Townley encourages homeowners who may be struggling to reach out for assistance, stating that the program is designed to help those in need. “We want to encourage individuals who are behind on their mortgage or are struggling to pay their property taxes or utilities to visit our website or give us a call to learn more about the program and see if they qualify for assistance.”

Overall, the program aims to provide much-needed support for homeowners in Michigan who have been affected by the pandemic. Those who are interested in learning more about the program can visit Michigan.gov/MIHAF to find out if they qualify for assistance.

Christopher Charles spent 6 years in the mortgage industry before moving into the world of digital media. He's helped thousands of families buy and refinance real estate at banks and mortgage companies and now continues that mission through industry-leading content. Chris is known for his expertise in the mortgage & real estate industry and continues to produce content all over the web.

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