The median house price in Charlotte reached a record $393,000. However, there is an upside for purchasers.
Median Home Price in Charlotte hits Record High A recent housing market analysis reveals that…
The North Carolina Homeowner Relief Fund is now accepting applications from homeowners whose finances have been affected by the epidemic and who need assistance with housing-related expenditures.
The Fund was established through the 2021 American Rescue Plan to prevent mortgage delinquencies, defaults, displacements, and foreclosures for homeowners experiencing financial difficulties as a result of the coronavirus pandemic. As long as funding is available, qualified homeowners can receive up to $40,000 in assistance.
This program is financed in whole or in part by federal grant number HAF0019 from the US Department of the Treasury to the State of North Carolina. The North Carolina Housing Finance Agency operates the program with money from the North Carolina Pandemic Recovery Office.
$273 million were awarded to North Carolina.
Many North Carolinians have felt the economic effects of COVID-19, according to Scott Farmer, executive director of the North Carolina Housing Finance Agency, which administers the NC Homeowner Assistance Fund. This program is meant to enable homeowners enduring financial challenges due to a pandemic remain in their houses until they regain their financial footing. Our aim has always been to provide secure homes for families, but it has taken on an even greater urgency in light of the current public health crisis.”
Assistance with main house mortgage payments in North Carolina (for example, single-family home, townhome, condo or mobile home).
Due to a period of forbearance, delinquency, or default, assistance for mortgage reinstatement to catch up on late payments (first or second mortgages) or other housing-related obligations.
To avoid foreclosure, assistance with additional housing-related bills such as homeowner’s insurance, flood insurance, mortgage insurance, homeowner’s association dues/fees, or unpaid property taxes.
Applicants may qualify if they: