Mortgage Relief Program for Loudoun County

From the state’s Virginia Rent and Mortgage Relief Program, the county government and Northern Virginia Family Service has given  Loudoun county $450,000 for local renters and homeowners. 

The financial assistance comes as a one-time payment, with the possibility of future payments based on the availability of funding and the need for additional assistance in the future.

The Virginia Rent and Mortgage Relief Program, launched by Governor Ralph Northam with $50 million from the federal Coronavirus Aid, Relief, and Economic Security, or CARES, Act.

This program also extends support to communities of color and households without federal foreclosure protection who have been badly affected by the pandemic.

Governor Northam stated, “Expanding access to safe, affordable housing has been and will continue to be a top priority of my administration, during the COVID-19 pandemic and beyond. 

The Virginia Rent and Mortgage Relief Program will help Virginians experiencing financial instability as a result of this unprecedented health crisis by preventing evictions and foreclosures and keeping Virginia families safe in their homes as we battle this virus.”

For a person to qualify for this relief he needs to have certain eligibility –

1. Valid lease in their name or other documentation confirming the landlord-tenant relationship,
2. A mortgage statement in their name;
3. Proof of loss of income due to the COVID-19 pandemic;
4. A rent or mortgage amount that is at or below 150 percent Fair Market Rate, or $2,560.50 for a two-bedroom unit; and
5. A gross household income at or below 80 percent of area median income based on the current month’s income, or $79,600 for a household of four.

Priority will be given to households with current gross incomes equal to or below 50 percent of Area Median Income till July 20th. 

After July 20, households with current gross incomes at or below 80 percent of Area Median Income will also be included. 

Households with an unlawful detainer action dated prior to June 8 will be given top priority.