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Posted on: December 21, 2023

City partners with Michigan Homeowner Assistance Fund

MIHAF

The City of Taylor has entered into a partnership with the Michigan Homeowner Assistance Fund, which is aimed at homeowners with household incomes less than 150 percent of Area Median Income, own and occupy the property in question as their primary residence and can explain a financial hardship directly related to COVID-19 on or after January 21, 2020.

The Homeowner Assistance Fund was established under Section 3206 of the American Rescue Plan Act of 2021 (ARPA) to mitigate hardships associated with the coronavirus pandemic by providing funds to prevent homeowner mortgage delinquencies, defaults, foreclosure, loss of utilities or home energy services and displacements of homeowners experiencing financial hardship on or after January 21, 2020 or for those homeowners who experience a coronavirus pandemic financial hardship that began before January 21, 2020 but continued after that date.

The U.S. Department of the Treasury allocated over $242M to the Michigan State Housing Authority and the State of Michigan. This number was based on unemployed individuals and the number of mortgagors with delinquent mortgage payments.

“This is a great program for those in need,” City Treasurer Michelle Tocco said. “And there is a large need out there.”

The program offers up to a $25,000 grant per household, which can be used to pay:

  • Delinquent mortgage/housing expenses, including property tax and insurance escrow shortages
  • Delinquent land contract payments, mobile home consumer loan payments or mobile home park lot payments
  • Delinquent property taxes (all years)
  • Delinquent condominium/homeowners' association fees
  • Delinquent homeowner's insurance
  • Delinquent utilities, gas, electric, water, sewer
  • Delinquent internet broadband services
  • Delinquent mortgage/housing expenses, including property tax and insurance escrow shortages
  • Delinquent land contract payments, mobile home consumer loan payments or mobile home park lot payments
  • Delinquent property taxes (all years)
  • Delinquent condominium/homeowners' association fees
  • Delinquent homeowner's insurance
  • Delinquent utilities, gas, electric, water, sewer
  • Delinquent internet broadband services.

For more information or to apply, please click here. You can also call 1-844-756-4423.

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