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The state will again start accepting new applications for its Homeowner Assistance Fund next week.
Homeowners who need help with past-due or current housing expenses can apply for funding starting at 10 a.m. on Wednesday, Aug. 2.
Oregon Housing and Community Services said in a news release that it has enough funding to help around 500 homeowners. The program is intended to provide emergency mortgage relief for those with low to moderate incomes who “have experienced severe financial hardships due to the pandemic,” according to the statement.
The state agency said it paused accepting applications for such funding on May 31 to review current applications and better estimate how much funding was left for homeowners.
“As an exception during the pause, the program continued serving the most at-risk homeowners who were in active foreclosure,” the news release said. With the program now restarted, priority will go to “homeowners in active foreclosure and those traditionally underserved by mortgage markets.” Find more information online.
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