CA Disaster Homeowner Relief Program | NBC 7 San Diego
- California is launching a program to aid homeowners whose residences were damaged or destroyed in recent natural disasters.
- Administered by the California Housing Finance Agency, the CalAssist Mortgage Fund aims to provide financial support to those recovering from events like the San Diego floods of January...
- Gavin newsom said the state supports homeowners navigating the long recovery process after a disaster.
California homeowners affected by recent disasters can find financial relief through the CalAssist Mortgage Fund. This new program, launched in response to events like the San Diego floods, provides grants of up to $20,000 to cover mortgage payments for those whose homes were damaged or destroyed. applications open June 12, offering crucial assistance to eligible applicants. The initiative, administered by the California Housing Finance Agency underscores the state’s commitment to supporting residents through the recovery process, with funds disbursed directly to mortgage servicers. To qualify, the disaster must have occurred between January 1, 2023, and January 8, 2025, the residence must be uninhabitable or destroyed, and the applicant must meet specific income limits. News Directory 3 provides up-to-date information on this and other vital california news. Discover what’s next for homeowners seeking assistance.
California Offers Mortgage Relief After Disasters
California is launching a program to aid homeowners whose residences were damaged or destroyed in recent natural disasters. The CalAssist Mortgage fund will distribute $105 million in grants, offering mortgage assistance to eligible applicants.
Administered by the California Housing Finance Agency, the CalAssist Mortgage Fund aims to provide financial support to those recovering from events like the San Diego floods of January 2024. the program offers up to three months of mortgage payments, with a maximum grant of $20,000 per household.
Gov. Gavin newsom said the state supports homeowners navigating the long recovery process after a disaster. The funds, according to the program’s website, will be directly disbursed to the mortgage servicer and do not require repayment.
Applications will be accepted online starting June 12, and there is no fee to apply.The California Governor’s Office of Emergency services emphasized the importance of meeting eligibility requirements and having necessary documents prepared, as applications will be reviewed in the order thay are received.
Eligibility for Mortgage Assistance
To qualify for California mortgage relief, the disaster must have occurred between Jan. 1,2023,and Jan. 8, 2025, rendering the primary residence uninhabitable or destroyed. A list of qualifying disasters is available on the program’s website.
Applicants must also meet specific household income limits, which include the combined income of everyone on the mortgage and deed of trust.For example, the income limit for San diego County is $172,650. The program is open to those with a mortgage or reverse mortgage on a single-family home, condo, or manufactured home with up to four units.
Since funds are disbursed to mortgage servicers, applicants should confirm their servicer participates in the program. A list of participating servicers is available on the CalAssist website. homeowners should prepare mortgage statements, bank statements, utility bills, homeowner’s insurance or FEMA claims, and proof of income when applying for California mortgage relief.
Those needing assistance can call 800-501-0019, Monday through Friday, from 8 a.m. to 5 p.m.