Rural Money Hardest Hit Fund: Mortgage Assistance For Unemployed

Hardest Hit Fund: States Helping Unemployed And Financially Distressed Borrowers This rural money hardest hit fund post has been announcing since 2016 an additional $2 billion was allocated to participating Hardest Hit Fund (HHF) states. The HHF states continue to help with foreclosure prevention. Yet, many homeowners still aren’t aware of this program. The housing crisis that began in 2007 led to unprecedented home price declines, and sustained and higher unemployment in certain parts of the country. Families in these areas have been particularly hard hit by this crisis. They have struggled to make their monthly mortgage payments and grappled with deeply underwater mortgages. While the housing market has strengthened in recent years, there is still an ongoing need to continue to assist homeowners and neighborhoods that continue to experience the negative effects of the financial crisis. President Obama established the Hardest Hit Fund in February 2010 to provide targeted aid…

Read more