Maine Homeowner Assistance Fund is Taking Applications for Funding to Pay Past Due Bills

The Maine Writer

Maine Housing announced they are accepting applications for the Homeowner Assistance Fund. The fund is to help Maine homeowners who are having a hard time paying their past-due bills because of the pandemic.

Low-income and moderate-income residents are eligible for financial help. The maximum benefit is up to $50,000 for each homeowner. The funds can be used for mortgage reinstatement which will provide funds to either eliminate or reduce past due mortgage payments and this includes payments on a forbearance plan, loss mitigation measures, resolving property charge defaults, including property taxes, and insurance premiums, and paying past utility bills including water, sewer, oil, kerosene, propane, internet, or broadband.

To be eligible for the Maine Homeowner Assistance Fund Program, you will need to meet the following requirements:

  • You must have experienced a financial hardship after January 21, 2020
  • Fall within the program income limits. These limits vary by household size and location.
  • The property is located in the State of Maine
  • The property is occupied as the primary residence.
  • The property is a single-family home, townhouse, condo, mobile home, or owner-occupied 2-4 unit home.
  • The homeowner agrees to provide all necessary documentation to meet program guidelines established by the Maine Homeowner Assistance Fund
  • The total annual household income must be equal to or less than 100 percent of the area median income or 100 percent of the U.S. median income, whichever is greater.

The money for the program came from the $50 million Maine received in federal pandemic relief from the American Rescue Plan. If you would like to apply for the program, click here.

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