The US Department of Veterans Affairs has asked mortgage servicers to halt foreclosures on veterans through May 2024.

The half-year pause will give the government time to roll out a new program, announced by the White House in October, that will help veterans who are behind on mortgage payments but “who do not qualify for traditional home retention options.”

“This will empower us to work with veterans experiencing severe financial hardship to adjust their loans and their monthly payments so they can keep their homes,” a spokesman for the department said in an emailed statement.

The decision to delay foreclosures, announced Friday, comes after a Bloomberg Businessweek investigation found that 4,000 veterans across the country had been foreclosed on and that 6,000 more were in danger of foreclosure, as they exited forbearance periods designed to ease the financial impact of the Covid-19 pandemic.

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Mortgage firms asked to pause veterans’ foreclosures until May