The Pennsylvania Housing Finance Agency has just advertised that they are accepting applications for rent and mortgage relief for those who lost income due to the economic slowdown. The Federal Coronavirus Aid, Relief and Economic Security (CARES) Act, passed in March, provided $3.9 billion for Pennsylvania and is intended to help people hurt economically during the pandemic. In late May, the General Assembly directed $175 million of these CARES dollars to PHFA to provide assistance for struggling renters and homeowners. The portion for mortgage assistance is $25 million.
Homeowners: https://www.phfa.org/pacares/mortgage.aspx (up to 6 months of mortgage payments, at a maximum payment of $1,000 each. Total relief of $6,000)
FAQs: Please review the following document outlining frequently asked questions: FAQ, Pandemic Mortgage Assistance Program.
Renters: https://www.phfa.org/pacares/rent.aspx (up to 6 months of rent payments, at a maximum payment of $750 each. Total relief of $4,500).
FAQs: Please review the following document outlining frequently asked questions: FAQ, CARES Rent Relief Program.
