SACRAMENTO (KNX) — California homeowners who can prove they suffered a pandemic-related pandemic financial hardship can now apply for a state-run mortgage relief program.
The program is open to all state residents at or below 100% of their county’s “Area Median Income,” who own a single-family home, condo or manufactured home and “faced a pandemic-related financial hardship after Jan. 21, 2020,” according to the application website.
A total of $1 billion in funds has been put toward the goal of assisting some 400,000 Californians who have fallen behind on payments — save their homes — according to a state release shared when the program was announced.
“No one should have to live in fear of losing the roof over their head, so we’re stepping up to support struggling homeowners to get them the resources they need to cover past due mortgage payments,” said Governor Newsom.
“Our Housing is Key program has already provided renters and landlords with the assistance and resources they need to stay afloat. Now, with our California Mortgage Relief Program, we are extending that relief to homeowners.”
Through the relief program all past due housing payments will be covered in-full, up to $80,000 per household. Homeowners will not be required to pay the state back.
To learn more about if your household is eligible to apply, click here. To determine your area’s median income, click here.
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