CARES Act assistance for homeowners and renters negatively impacted by Covid-19 will be available on June 29 on the Pa. Housing Finance Agency webpage.
Renters: You will need to document at least a 30% reduction in annual income since March 1 related to COVID-19, or you must have become unemployed after March 1. If unemployed, you must have filed for unemployment compensation with the Pennsylvania Department of Labor and Industry. Their household income must be at or below the Area Median Income for your county of residence, adjusted for the number of people in your home.
The area median income is located here. In Northampton Count
Renters who qualify may receive assistance equal to 100% of their monthly rent up to $750 a month for a maximum of six months of assistance for the time period between March 1 and November 30, 2020. Payments will be made to their landlord on their behalf. Renters or landlords can apply for rent relief for apartment tenants, but renters are responsible for submitting all the documents needed to ensure their eligibility.
Homeowners: Like renters, homeowners will need to document at least a 30% reduction in annual income since March 1 related to COVID-19, or you must have become unemployed after March 1. Household income must be at or below the Area Median Income for your county of residence, adjusted for the number of people in your home. In addition, the property must be an owner-occupied, must consist of one or two separate units and the mortgage must be at least 30 days delinquent.
Homeowners can receive up to $1,000 a month in mortgage payment assistance for a maximum of six between March and December 2020. Financial
assistance payments through this program will be made directly to the mortgagee.
3 comments:
I hope the state manages this better than unemployment
I would not hold my breath.
Cynicism does not equate to wisdom.
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