Homeownership

Mortgage Assistance

Key Components:

• Lifeline Assistance – One-time payment of up to sixteen (16) months mortgage delinquency (PITIA); Applicant must be receiving unemployment benefits within twelve (12) months of application (unemployment) or have experienced an involuntary reduction of income of at least 10% within the past twelve (12) months (underemployment).
• Mortgage Assistance – A maximum of $60,000 (combined with Lifeline) of monthly payments through December 31, 2021 (PITIA); Applicant must be receiving unemployment benefits within twelve (12) months of application (unemployment) or have experienced an involuntary reduction of income of at least 10& within the past twelve (12) months (underemployment).

Eligibility Requirements:

• District of Columbia Homeowner(s) residing in the property as his/her primary residence
• Homeowner named on the Note, Deed of Trust and/or Deed
• Homeowner(s) who are receiving unemployment benefits at the time of application or have experienced an involuntary reduction in income of 10% or more
• Homeowner(s) who are NOT in active bankruptcy.

Additional Resources:

• Fact Sheet

Restore Assistance

Key Components:

• Restore Assistance – One-time payment, up to $60,000, to “catch-up” on delinquent property-related expenses. Applicant must be able to sustain future payments going forward

Eligibility Requirements:

• District of Columbia homeowner(s) residing in the property as his/her primary residence
• Homeowner(s) whose property related delinquency is greater than $2,500
• Homeowner(s) must have experienced an eligible involuntary financial hardship resulting in reduced income due to change in employment, medical hardship, death of a spouse/co-borrower, divorce or disability
• If default is cured, must be able to afford future payments without additional assistance
• Non- escrowed property taxes, such as in the case of a reverse mortgage, may be paid through the remainder of the current billing cycle.
• Homeowner(s) gross income cannot exceed $120% Area Median Income ($140,640)
• Homeowner(s) total housing expense payment must be 45% of gross income or less.

Additional Resources:

• Fact Sheet