HAF Program
CA Mortgage Relief
www.calhfa.ca.gov/haf.htm | [email protected]
Please note that HAF funds are not yet available. If you are a homeowner in need of mortgage assistance now, please contact your loan servicer or a housing counselor at 1-800-569-4287.
Community Outreach Sessions
June 2021 – Session #3
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Purpose:• Obtain recommendations
• To provide public comment, please use the ‘raise hand’ feature and meeting facilitator will inform the presenters
• You are encouraged to state your name/organization if you wish but it is not required when making a public comment.
Agenda: 1. Information on additional federal allocation for Tribes and Tribal Entities
2. U.S. Treasury Homeowner Assistance Fund (HAF) – State Allocation Program Overview
3. Key requirements
4. Implementation goals
5. Feedback & comments
__________________________________________________________________________________________Please note that HAF funds are not yet available. If you are a homeowner in need of mortgage assistance now, please contact your loan servicer or a housing counselor at 1-800-569-4287.________________________________________________________________________________
Introduction
www.calhfa.ca.gov/HAF.htm
California Housing Finance Agency 3
$498 million in ARPA HAF funds for Tribes or Tribally Designated Housing
Entities and the Department of Hawaiian Home Lands.
Allocations based on formulas used for the Emergency Rental Assistance
Program (Consolidated Appropriations Act, 2021)
Allocation to be published after Tribal consultation process
Notice of funds request deadline is Sept. 30, 2021
Federal Allocation for Tribes
and Tribal Entities
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Program Funding Funding to States, based off U.S. Treasury formula using:
• Unemployment
• Distressed mortgages
$9.961 billion Homeowner Assistance Fund in ARPA• $1.055 billion to California
Program Purpose To prevent homeowner mortgage delinquencies, defaults,
displacements, foreclosures among other hardships.
Program Plan A program plan is due to U.S. Treasury by June 30, 2021 for their review
and input
HAF Program – State Allocation Overview
www.calhfa.ca.gov/HAF.htm
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U.S. Treasury requirements
• Eligibility
• Homeowners with hardships after January 21, 2020
• Mortgage cannot exceed Fannie Mae and Freddie Mac limit at time of origination
• Targeting
• At least 60% of funds targeted at 100% Area Median Income (AMI)
• Prioritize socially disadvantaged
• A Sample of Allowable Uses
• Mortgage assistance
• Homeowner insurance, HOA fees, property taxes
• Electric, gas, water, internet
Key Requirements
www.calhfa.ca.gov/HAF.htm
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Prioritize low income, socially disadvantaged and underserved communities
To the best of our ability:
• set up a system that is easy and streamlined
• prevent duplication of other state or federal assistance programs
Holistic approach:
• eliminate delinquent mortgage payments, including forbearance
• allow homeowners to remain in homes with an affordable payment
• connect vulnerable homeowners to counseling options
• facilitate long-term recovery solutions for unemployed, underemployed or
severely housing burdened homeowners
Implementation Goals
www.calhfa.ca.gov/HAF.htm
California Housing Finance Agency 7
To provide public comment, please use the ‘raise hand’ feature and meeting facilitator will inform the presenters.
Listen for your name to be called and then unmute your mic
You are encouraged to state your name/organization, but it is not required when making a public comment.
Please note that HAF funds are not yet available. If you are a homeowner in need of mortgage assistance now, please contact your loan servicer or a housing counselor at 1-800-569-4287.
Public Comment Process
www.calhfa.ca.gov/HAF.htm
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What would you identify as the greatest barrier to participation?
What type of assistance do you feel is most necessary?
What communication/outreach methods do you feel would work best to ensure the most vulnerable people are made aware of this resource?
Please note that HAF funds are not yet available. If you are a homeowner in need of mortgage assistance now, please contact your loan servicer or a housing counselor at 1-800-569-4287.
Feedback Prompts
www.calhfa.ca.gov/HAF.htm
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WRITTEN COMMENTS / FEEDBACK
www.calhfa.ca.gov/HAF.htm
Contact a housing counselor at 1-800-569-4287_______________________________________________________________________________
Sign-up for Mortgage Relief Program Enews Updates on our webpage
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