HUD to Speed Aid to Homeowners Hurt by New York Storms

The U.S. Department of Housing and Urban Development plans to speed federal disaster assistance to homeowners in three western New York counties recently forced from their homes by recent severe storms and flooding. The assistance is aimed at supporting homeowners and low-income renters in Cattaraugus, Chautauqua and Erie counties in New York who were affected by the flooding and storms. Assistance is available through, among other things: a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration-insured home mortgages, HUD's Community Block Grant and HOME programs, and HUD's section 203(h) mortgage insurance program for disaster victims who have lost homes and are seeking to rebuild new ones.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS
Load More