On December 10, eligible
homeowners who are struggling to pay their
mortgages due to unemployment or a significant
loss in income can turn to a new online
resource:
www.oregonhomeownerhelp.org
The new website is home to
the Oregon Homeownership Stabilization
Initiative’s Mortgage Payment Assistance (MPA)
program. Under the program, the state will pay
the mortgages of selected applicants for as long
as a year, up to a $20,000 maximum. Program
participation is limited to 74 in Malheur County
and 119 in Harney County. Participants will be
randomly selected from the applicant pool on
January 18, 2011.
At the website, homeowners
can learn more about the MPA program, see if
they may be eligible, and sign up for regular
program updates. To be eligible, homeowners can
make up to 120% of state median income, for
example, a family of four can make up to
$74,160. Additionally, the homeowners must be
promissory note holders on the home, and the
home must be their primary residence. Note
holders must have experienced a 25% decrease in
income over the past 60 days as compared to 2008
and 2009 gross income. For more information, to
check eligibility, or to apply now, visit
www.oregonhomeownerhelp.org.
OHCS has identified Community
in Action to help homeowners navigate the
application process. Once a homeowner begins an
application, Community in Action will be
notified, and will contact homeowners to assist
with completion the application process.
If you need immediate help,
call the
Homeowner's HOPE™ Hotline at
888-995-HOPE (4673)
