January 5th, 2022 by WCBC Radio
Governor Larry Hogan today announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services.
“Across Maryland, there are homeowners who are struggling to keep up with their mortgage payments due to the financial hardships related to the COVID-19 pandemic,” said Governor Hogan. “The programs we are announcing today through the Homeowner Assistance Fund will help keep Marylanders in their homes and support our state’s economic recovery.”
Maryland Homeowner Assistance Fund. The State of Maryland will be distributing $248 million through the fund in the following targeted amounts:
- Approximately $171 million to provide loans to assist homeowners who have experienced financial hardship with their mortgages and $34 million to provide grants to assist with property tax, homeowner association, and other types of delinquencies
- $10 million for the WholeHome program to help homeowners with necessary repairs and energy efficiency improvements
- $8 million for housing counseling agencies and $3 million for legal services providers to help homeowners navigate the foreclosure process
- $22 million for program case management, administration, and marketing and outreach to ensure eligible homeowners, including minority populations and those in especially hard-hit areas, are aware of the relief
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