The Indiana Housing and Community Development Authority (IHCDA) announced Thursday that the deadline for Indiana homeowners to submit new applications for mortgage assistance through Indiana’s Hardest Hit Fund (HHF) is May 3.
“I encourage any Indiana homeowner having difficulty paying their mortgage payment to visit 877gethope.org or call 1-877-GET-HOPE,” said Lt. Gov. Suzanne Crouch. “From there, homeowners will be connected with one of our housing counselors who can help determine available options and if they qualify for assistance through Indiana’s Hardest Hit Fund.”
Indiana was one of 19 states that received money from the U.S. Department of Treasury to help homeowners avoid losing their homes to foreclosure because of the 2009 housing crisis. To date, Indiana’s HHF has provided more than $182.7 million of assistance to over 11,300 Indiana homeowners.
“Early in the COVID-19 pandemic we spoke with the U.S. Department of Treasury to request the ability to help Indiana homeowners financially impacted by COVID-19 using our remaining HHF dollars,” said Jacob Sipe, Executive Director of IHCDA. “With their approval, we have been able to help Hoosier homeowners remain stably housed through the ongoing public health emergency.”
The U.S. Department of Treasury has set a June 30, 2021 deadline for HHF dollars to be expended by states. The May 3 deadline is necessary to ensure there is sufficient time for new applications to be reviewed and a determination made prior to the deadline.
Indiana is expected to receive more than $40 million from the new federal Homeowner Assistance Fund to provide mortgage assistance to eligible homeowners financially impacted by COVID-19. This funding is through the American Rescue Plan Act signed into law on March 11.
After the May 3 HHF application deadline passes, homeowners will be given an opportunity to subscribe and receive updates about the new Homeowner Assistance Fund, and other assistance resources should they become available, at: www.877gethope.org.