Gov. Kathy Hochul announced Monday that New York has won federal approval of a program that will provide up to $539 million to help eligible homeowners avert mortgage delinquency, default, foreclosure, and displacement.
Applications for the Homeowner Assistance Fund will be accepted beginning Jan. 3. The NYS HAF program website, an information call center, and a multi-lingual marketing campaign that will help educate homeowners about the program and ensure all New Yorkers, especially those in non-English speaking households, are ready to apply when the application window opens
“Many New Yorkers are still recovering from the pandemic, and just like we did for renters, our state is now leading the way to provide much-needed economic relief to vulnerable homeowners across the state,” Hochul said. “We know that the economic pain of the pandemic has been felt disproportionately in rural communities, communities of color, and immigrant communities, and this program is a demonstration of our commitment to placing the needs of New Yorkers in need at the heart of our work.“
