Homeowner Assistance Fund

 

Section 3206 of the American Rescue Plan Act of 2021, (the Act), Pub. L. No. 117-2 (March 11, 2021) established the $9.961 billion Homeowner Assistance Fund (HAF). Under HAF, Treasury is authorized to make payments directly to States (defined to include the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, the Commonwealth of the Northern Mariana Islands, and American Samoa), the Department of Hawaiian Home Lands (DHHL), and Indian Tribes or their Tribally designated housing entities, as applicable (collectively the eligible entities) to mitigate financial hardships associated with the coronavirus pandemic, including for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship after January 21, 2020, through qualified expenses related to mortgages and housing. States, the District of Columbia, and U.S. Territories were required to request HAF funding from Treasury no later than April 25, 2021, which was 45 days after enactment of the Act, in order to receive an award under the HAF program. Tribes or their Tribally designated housing entities, as applicable, and the DHHL were required to request HAF funding from Treasury by December 15, 2021, to receive an award under the HAF program.

Active 21.026 Departmental Offices, Department of The Treasury C - Direct Payments For Specified Use Fiscal Year 2023 Through FY 2023, HAF Participants reporting data indicated 162,105 “Homeowners Assisted” and more than $1.4 Billion in program expenditures toward homeowner expenses. More detailed HAF reporting data may be found at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund/reporting American Rescue Plan Act of 2021, Title III, Subtitle B, Section 3206, Public Law 117-2, 15 U.C.C.S.C. 9058d U.S.C. 9058d Not applicable. Eligible entities may use HAF funds to provide assistance to eligible homeowners. Homeowners are eligible to receive amounts allocated to a HAF participants under the HAF if they experienced a financial hardship after January 21, 2020 and have incomes equal to or less than 150% of the area median income. A HAF participants may provide HAF funds only to a homeowner with respect to qualified expenses related to the dwelling that is such homeowner's primary residence. HAF participants must require homeowners to attest that they experienced financial hardship after January 21, 2020. The attestation must describe the nature of the financial hardship (for example, job loss, reduction in income, or increased costs due to healthcare or the need to care for a family member). More information on income determinations is included in the HAF Guidance document at https://home.treasury.gov/system/files/136/HAF-Guidance.pdf Not applicable. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Application period is closed. No longer accepting new applications. Not Applicable. No new awards will be made in FY 2024. Deadlines do not apply. Application period is closed. No longer accepting new applications. Not applicable. Not applicable. Not applicable. Not Applicable. No new awards will be made in FY 2024. HAF participants may use funding from their HAF awards only for the following types of qualified expenses that are for the purpose of preventing homeowner mortgage delinquencies, homeowner mortgage defaults, homeowner mortgage foreclosures, homeowner loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship. Additional information on qualified expenses can be found at: https://home.treasury.gov/system/files/136/HAF-Guidance.pdf Not applicable. Not applicable. HAF Participants must comply with record-retention obligations specified in the HAF Financial Assistance Agreement. Generally, a HAF participant must maintain records and financial documents for five years after all award funds have been expended or returned to Treasury. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Treasury made direct payments to States, the District of Columbia, and U.S. Territories that request funding by April 25, 2021. If a State, the District of Columbia, or U.S. Territory did not request allocated funds by April 25, 2021 (the 45th day after enactment of the Act), Treasury is authorized to reallocate any funds that were not requested no later than 180 days after March 11, 2021. Funds are provided under the HAF program for FY 2021are to remain available to Treasury to provide funding to eligible entities until September 30, 2025. Tribes or their Tribally designated housing entities, as applicable, and the Department of Hawaiian Home Lands must request funding from Treasury by December 15, 2021, to receive an award under the HAF program. The period of performance for all HAF participants ends on September 30, 2026. Other None/Not specified. United States Department of the Treasury Attn: Homeowner Assistance Fund
1500 Pennsylvania Avenue NW
Washington, DC 20220 USA
HAF@treasury.gov
Phone: 202.622.2000 https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund 20-0124-0-1-604 (Direct Payments for Specified Use) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; FY 21$30,000,000.00; FY 20$0.00; - Payments to Territories (U.S. Virgin Islands, Guam, Northern Mariana Islands, and American Samoa)(Direct Payments for Specified Use) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; FY 21$498,244,899.00; FY 20$0.00; - Payments to Tribes and DHHL(Direct Payments for Specified Use) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; FY 21$9,390,605,128.00; FY 20$0.00; - Payments to States (50 States, the District of Columbia, and Puerto Rico) Not Applicable. No new awards in FY 2024 HAF program guidance is available on Treasury's website: https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund/guidance. Fiscal Year 2021 Pursuant to Section 3206(c)(1) of the Act, recipients may use HAF funds to provide homeowners with the following assistance: mortgage payment assistance; financial assistance to allow a homeowner to reinstate a mortgage or to pay other housing related costs related to a period of forbearance, delinquency, or default; principal reduction; facilitating interest rate reductions; payment assistance for (i) utilities, including electric, gas, home energy, and water; (ii) internet service, including broadband internet access service, as defined in section 8.1(b) of title 47, Code of Federal Regulations (or any successor regulation); (iii) homeowner’s insurance, flood insurance, and mortgage insurance; and (iv) homeowner’s association, condominium association fees, or common charges; reimbursement of funds expended by certain entities during the period beginning on January 21, 2020, and ending on the date that the first funds are disbursed by the eligible entity under the HAF, for the purpose of providing housing or utility payment assistance to homeowners or otherwise providing funds to prevent foreclosure or post-foreclosure eviction of a homeowner or prevent mortgage delinquency or loss of housing or utilities as a response to the COVID pandemic; and any other assistance to promote housing stability for homeowners, including preventing mortgage delinquency, default, foreclosure, post-foreclosure eviction of a homeowner, or the loss of utility or home energy services, as determined by the Secretary. Approved projects related to state and territorial participants can be found at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund/plans.
Fiscal Year 2023 Pursuant to Section 3206(c)(1) of the Act, HAF Participants may use HAF funds to provide homeowners with the following assistance: mortgage payment assistance; financial assistance to allow a homeowner to reinstate a mortgage or to pay other housing related costs related to a period of forbearance, delinquency, or default; principal reduction; facilitating interest rate reductions; payment assistance for (i) utilities, including electric, gas, home energy, and water; (ii) internet service, including broadband internet access service, as defined in 47 CFR 8.1(b) (or any successor regulation); (iii) homeowner’s insurance, flood insurance, and mortgage insurance; and (iv) homeowner’s association fees or liens, condominium association fees, or common charges; reimbursement of funds expended by certain entities during the period beginning on January 21, 2020, and ending on the date that the first funds are disbursed by the eligible entity under the HAF, for the purpose of providing housing or utility payment assistance to homeowners or otherwise providing funds to prevent foreclosure or post-foreclosure eviction of a homeowner or prevent mortgage delinquency or loss of housing or utilities as a response to the COVID pandemic; and any other assistance to promote housing stability for homeowners, including preventing mortgage delinquency, default, foreclosure, post-foreclosure eviction of a homeowner, or the loss of utility or home energy services, as determined by the Secretary. For Example: 1) One HAF participant’s Mortgage Payment Assistance program will assist eligible homeowners with a financial hardship related to the COVID-19 pandemic by eliminating past due payments and other delinquent amounts including, forbearance balances, forward mortgages, reverse mortgages, loans secured by manufactured homes, or contracts for deed. 2) Another HAF participant’s Homeowner Payment Assistance program provides full or partial payment assistance to eligible homeowners unable to make full mortgage payments or other homeowner related payments, due to a continuing financial hardship associated with the Coronavirus pandemic. HAF funds may be used to reduce a homeowner’s monthly mortgage or loan payments and other homeowner related payments for a period up to 12 months or until the maximum amount of assistance is reached. HAF funds may be used for mortgage assistance and for property charges, including property taxes, hazard insurance premiums, flood or wind insurance premiums, ground rents, condominium fees, cooperative maintenance fees, planned unit development fees, homeowners’ association fees or utilities that the servicer advanced to protect lien position. Payment may also include any reasonably required legal fees. HAF funds may be used to supplement other loss mitigation measures offered by the servicer or where HAF funds are necessary for the homeowner to qualify for other such loss mitigation measures. Additional examples of funded projects may be found at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund/plans