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MONTGOMERY, Ala. (WTVM) – The Alabama Housing Finance Authority has sent off a home loan alleviation program to help mortgage holders affected by the COVID-19 pandemic.
The new program, Mortgage Assistance Alabama, is financed by the Homeownership Assistance Fund laid out by the U.S. Division of Treasury under the American Rescue Plan of 2021.
Applications are being acknowledged from mortgage holders who have encountered an impermanent, COVID-related monetary difficulty after January 21, 2020.
The accompanying help is accessible:
To be qualified, mortgage holders should meet the accompanying standards:
Property holders who get government contract installment help from another organization are ineligible. Second homes, occasional/summer homes, or empty property don’t qualify.
Applications are acknowledged Monday – Friday. To abbreviate stand-by time and guarantee the brief treatment of utilizations, authorities say they may intermittently close the application entrance for a short period to take into consideration handling.
A gateway resuming date will be posted on the landing page will be posted when those applications have been handled.
Reference Source: WTVM
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