Detroit homeowners who have fallen behind on their home payments may qualify for up to three months of mortgage assistance through a special and limited-time program available through our Housing Opportunity Center (HOC).
The HOC was recently awarded $272,519 from the City of Detroit to be distributed to eligible homeowners at risk of foreclosure.
To be eligible for this program, the homeowner:
The funds for this program came from a federal grant provided to the City of Detroit in early 2009. The grant is a Community Development Block Grant issued as part of the Recovery Act (CDBG-R).
The City recently dispersed the funds (amounting to $1.2M) to five certified housing counseling agencies in Detroit, including the HOC. The agencies must distribute their portion to eligible homeowners by the end of this August. Unused funds must be returned to the City, which then likely will have to return them to the federal government.
Thus, there is an urgency to find and process homeowners who qualify for the program.
For information about the program, email Grace or Lupe. Or call the HOC at 313-841-9641 and ask for either Grace of Lupe.
Because of the limited time-frame, we urge you act to immediately if you or anyone you know may be eligible for this mortgage assistance.