Mortgage Relief Program Announced For LA Homeowners Impacted By Covid-19
LA MORTGAGE RELIEF — Gov. John Bel Edwards has announced the launch of the Louisiana Homeowner Assistance Fund, a federally funded relief program for homeowners financially impacted by COVID-19 who are behind on their mortgages and at risk of foreclosure. The program is funded through the American Rescue Plan Act, which provides $10 billion in federal relief for vulnerable homeowners. Louisiana is set to receive $146.7 million in funding to provide up to $25,000 per eligible homeowner.
The program is available statewide to homeowners experiencing financial hardship after Jan. 21, 2020, and earning less than 150 percent of the area median income or 100 percent of the national median income, whichever is greater. The website for more information is LACovid-Housing.com.