Renter and homeowner aid available
Renters and homeowners who were financially impacted by the economic slowdown related to the coronavirus pandemic will be able to access applications for rent and mortgage relief beginning Monday, June 29. At that time, applications will be accessible from a red banner on the Pennsylvania Housing Finance Agency’s website at www.PHFA.org.
Homeowners who became unemployed after March 1 or who suffered at least a 30 percent reduction in annual income due to reduced work hours and wages related to COVID-19 may be eligible for financial assistance to help with missed mortgage payments. To qualify for the Pandemic Mortgage Assistance Program, the applicant must be an owner-occupant of their residence, the dwelling must consist of one or two separate units, the mortgage must be at least 30 days delinquent, and the applicant-homeowner’s annual household income must not exceed the Area Median Income for their county of residence adjusted for the number of people in their home.
For renters to be eligible for financial assistance under the CARES Rent Relief Program, they will need to document at least a 30 percent reduction in annual income since March 1 related to COVID-19, or they must have become unemployed after March 1. If unemployed, they must have filed for Unemployment Compensation. Their household income cannot exceed the Area Median Income for their county of residence adjusted for the number of people in their home.
For more information on the program: https://bit.ly/2YLT1PH