Help for Home is Here. The Nevada Affordable Housing Assistance Corporation (NAHAC), who offers assistance for homeowners battling financial hardship, announced that additional funding in the total amount of approximately $120 million was recently released to support the Nevada Homeowner Assistance Fund (HAF). The Nevada HAF programs rolled out in November 2021 with two pilot programs to help qualified homeowners with mortgage reinstatement and make mortgage payments while they are receiving unemployment.
Due to ongoing effects of the pandemic and the current economic climate, many Nevada homeowners continue to face financial hardship, which has caused them to fall behind on mortgage payments and other bills associated with homeownership such as property taxes, mortgage insurance and homeowner association dues, which puts them at risk of losing their homes. Nevada homeowners will be able to access funding through the HAF online portal located on NAHAC’s website (NAHAC.org).
“This program is intended to assist qualified homeowners impacted by COVID-19, and as Nevada continues to navigate the new normal, our focus remains on providing resources to homeowners that will allow for home retention,” said Verise Campbell, CEO/COO of NAHAC.
The Homeowner Assistance Fund is underwritten by the U.S. Department of the Treasury through the State of Nevada Department of Business and Industry, Housing Division under the American Rescue Plan, and is specifically intended to aid in preventing mortgage delinquencies, foreclosures, and displacement of qualified homeowners.
How to Qualify and Apply
The application process for the Nevada HAF programs has been streamlined and improved with the goal of helping homeowners more efficiently. Those who qualify for the program may include homeowners in the following situations:
· Loss of a job due to the COVID-19 pandemic and are behind on mortgage payments.
· Returned to work and are still behind on mortgage payments or are underemployed.
· Collecting unemployment (or have collected unemployment in the past 90 days) and behind on mortgage payments.
Homeowners who experienced or are experiencing situations described above, who were approved under NAHAC’s previous programs, such as the Hardest Hit Fund, may also apply for assistance under the Homeowner Assistance Fund. Help for Home is Here.
To apply for the NAHAC assistance program, visit NAHAC.org or call 888.320.6526.
