EDITORIAL: Helping Homeowners | Texas sets up assistance program
A year ago, President Joe Biden signed the American Rescue Plan Act.
The $1.9 trillion stimulus package provided more than $10 billion to help homeowners who fell behind on their mortgages due to COVID-19 keep their homes.
Since then, 25 states — including neighboring Arkansas and population centers such as California and New York — have implemented programs to distribute their share of the funds to struggling residents.
But Texas was a bit behind. The Lone Star State ran a few pilot programs that helped about 600 families with about $5 million. But it wasn’t until last week that the Texas Department of Housing and Community Affairs began accepting applications for the bulk of the money, about $842 million.
However, better late than never.
The TDHCA estimates that 55,000 to 70,000 of homeowners across the state are currently at risk of foreclosure by the COVID-19 pandemic.
Residents of Arkansas can view their qualifications and apply at https://arkansashaf.com, while Texans can go to https://www.texashomeownerassistance.com.
There is a lot of news about the decline of COVID-19. But it’s important to remember that the economic impact is still affecting many of your fellow Americans, most likely including at least a few of your friends and neighbors.
Print Title: EDITORIAL/Helping Homeowners: Texas Implements Assistance Program