Homeowner Assistance Fund launches to help struggling NY homeowners
New York State’s Homeowner Assistance Fund launched Monday. It provides up to $539 million to state homeowners who are behind on payments like mortgage, property tax, or even utility bills.
Susan Cotner with the Affordable Housing Partnership says it’s a growing need. She has seen the number of homeowners at risk of losing their homes explode over the last year.
"A year ago, in the middle of the pandemic, 300 families in the Capital Region got notices of intent to foreclose. Right now, it’s nearly 900 families. So we’ve seen a real growth and part of that is because the foreclosure moratorium is about to end," said Cotner.
The state has a website with everything you need to apply for the aid.