Through the existing Housing Finance Agency (HFA) Innovation Fund for the Hardest
Hit Housing Markets, the U.S. Department of the Treasury will make $ 2 billion of additional assistance available for FHA programs for
homeowners unable to
qualify for mortgage refinancing as well as struggling to make their home loan payments due to unemployment.
The Florida Hardest -
Hit Fund (HHF) program aims to assist
qualified Florida
homeowners by providing mortgage assistance for up to 12 months (capped at $ 24,000), or until the
homeowner finds adequate employment to resume paying the mortgage (whichever comes first), with up to $ 18,000 available to reinstate a delinquent first mortgage prior to payments being made.