Sep 01, 2011
HUD extends aid program for unemployed homeowners
01 Sep 2011
Posted by Andrew Kantor
So HUD has this program to help unemployed homeowners make their mortgage payments — the Emergency Homeowners Loan Program. The EHLP had $1 billion in funding to be used to give interest-free loans of up to $50,000.
The program officially ended on July 27, but HUD found it had money left over. So it’s taking applications through September 15 through its NeighborWorks America housing counselors — until the funds run dry.