The Pennsylvania Homeowner Assistance Fund to aid struggling homeowners adversely impacted by the pandemic has launched, and applications to eligible Chester County and Pennsylvania homeowners opened Monday.
“As we continue to advance our COVID-19 recovery efforts, we must address the rising number of homeowners facing possible loss of their homes and foreclosure – this program will do just that,” said Gov. Tom Wolf. “The Homeowner Assistance Fund will prioritize individuals and families with the greatest need, as well as those who are socially disadvantaged. I am grateful that the U.S. Treasury has approved Pennsylvania’s plan, and we can start the new year by distributing this critical funding to homeowners.”
The Commonwealth of Pennsylvania was awarded more than $350 million in American Rescue Plan Act funds through the U.S. Department of the Treasury’s Homeowner Assistance Fund (HAF). The fund supports Pennsylvania homeowners whose household income is at or below 150% of the area median income (AMI) that now must grapple with additional unforeseen financial hardships as a result of the COVID-19 pandemic. PAHAF will use these funds to provide eligible Pennsylvania homeowners with much-needed assistance to prevent and/or ease mortgage delinquencies, defaults, foreclosures, displacement and utility disconnection.
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