Are you currently having trouble paying your mortgage due to unemployment or underemployment? If so, you may qualify for assistance through Florida's Hardest Hit Program. In February 2010, the US Treasury created the "Housing Finance Agency (HFA) Innovation Fund for the Hardest-Hit Housing Markets". Overall, Florida has received a total award amount of $1 billion dollars due to excessive housing market depreciation and/or high unemployment rates.
There are currently two specifically targeted unemployment programs that provide temporary assistance to eligible homeowners. These targeted employment programs are collectively known as the Florida Hardest-Hit Fund (HHF) program and are as follows:
Unemployment Mortgage Assistance Program (UMAP) will provide up to 12 months of payments (with a cap of $24,000) to the mortgage lender to assist unemployed or underemployed borrowers with their first mortgage until they can resume full payments on their own. In addition, up to $18,000 can be paid to help satisfy all or some of any past due amounts owed. This assistance will be paid prior to the UMAP payments beginning and cannot exceed $18,000. Any past due amounts exceeding $18,000 are the responsibility of the homeowners. Total assistance available is up to $42,000.
Mortgage Loan Reinstatement Payment (MLRP) Program will be used as a one-time payment to help satisfy all or some of the past due amounts owed on the first mortgage, only. This assistance cannot exceed $25,000 total, and any past due amounts greater than $25,000 are the responsibility of the homeowner.
The Nassau County Board of County Commissioners are an approved HHF Advisory Agency. After reviewing the HHF Program benefits/guidelines and eligibility criteria on the official HHF website, you may contact the Nassau County Grants Department at (904) 491-7390 or via e-mail at cgilchrist@nassaucountyfl.com.
-Sabrina Robertson
Nassau County Manager's Office
There are currently two specifically targeted unemployment programs that provide temporary assistance to eligible homeowners. These targeted employment programs are collectively known as the Florida Hardest-Hit Fund (HHF) program and are as follows:
Unemployment Mortgage Assistance Program (UMAP) will provide up to 12 months of payments (with a cap of $24,000) to the mortgage lender to assist unemployed or underemployed borrowers with their first mortgage until they can resume full payments on their own. In addition, up to $18,000 can be paid to help satisfy all or some of any past due amounts owed. This assistance will be paid prior to the UMAP payments beginning and cannot exceed $18,000. Any past due amounts exceeding $18,000 are the responsibility of the homeowners. Total assistance available is up to $42,000.
Mortgage Loan Reinstatement Payment (MLRP) Program will be used as a one-time payment to help satisfy all or some of the past due amounts owed on the first mortgage, only. This assistance cannot exceed $25,000 total, and any past due amounts greater than $25,000 are the responsibility of the homeowner.
The Nassau County Board of County Commissioners are an approved HHF Advisory Agency. After reviewing the HHF Program benefits/guidelines and eligibility criteria on the official HHF website, you may contact the Nassau County Grants Department at (904) 491-7390 or via e-mail at cgilchrist@nassaucountyfl.com.
-Sabrina Robertson
Nassau County Manager's Office
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