Carbaugh: More assistance for "Hardest Hit" Hoosiers

Wednesday, April 17, 2013

More assistance for “Hardest Hit” Hoosiers 

STATEHOUSE – Lt. Gov. Sue Ellspermann held a press conference today with State Representative Martin Carbaugh (R-Fort Wayne) regarding the expansion of Indiana’s Hardest Hit Fund. 

The U.S. Department of the Treasury identified Indiana as one of 18 states plus the District of Columbia, that had been most affected by the downturn of the economy. Indiana was awarded more than $221 million to help struggling Hoosier families pay their mortgages through the IndianaHousing and Community Development Authority (IHCDA). 

“Many Hoosiers were hit extremely hard during the recession,” Rep. Carbaugh said. “In February, Allen County had an unemployment rate of 9.8 percent, which is well above the national average. Keeping up with financial obligations isn’t always easy, especially when too many people are still out of work. This extra help is coming at just the right time.”

The U.S. Department of the Treasury recently approved Indiana’s Hardest Hit Fund changes, which has broadened borrower eligibility to include:

  • An increase in the maximum amount of assistance per household from $18,000 to $30,000 for all types of assistance except Transition Assistance.
  • An increase in the maximum duration of assistance from eighteen months to twenty-four months.
  • An expansion of the qualification requirements if there have been the following hardships: involuntary and substantial reduction in employment income; a substantial reduction in household income due to the death of a household member; significant expenses related to non-elective medical procedures or emergencies; or military service.
  • Available transition assistance for eligible homeowners with unaffordable mortgage payments who obtain a short sale or deed-in-lieu of foreclosure from their lender or servicer and leave their home in a saleable condition.
  • An extension of the timeline for applicants seeking unemployment benefits through the Unemployment Bridge Program on or after January 1, 2009.
  • A financial literacy education course for monthly assistance recipients and that they engage in approved training, education or structured volunteer work. 

With these program updates, the IHCDA estimates that approximately 10,000 Indiana households will receive assistance over the life of Indiana’s Hardest Hit program.

“These funds have the potential to drastically improve the quality of life for many people in Fort Wayne,” Rep. Carbaugh said. “This program isn’t giving a hand out; it’s giving a hand up. It’s my hope that beneficiaries of the program will be able to use the help to get back on their feet and prepare to move forward and become self-sufficient.” 

The IHCDA worked with the Lieutenant Governor, the Indiana Department of Workforce Development and the Indiana Foreclosure Prevention Network partners to develop a comprehensive strategy to provide Hardest Hit Fund assistance to low-to-moderate-income homeowners whose primary residence is located within any of the 92 counties in Indiana.

If you or someone you know is struggling with mortgage payments and are at-risk of foreclosure, please visit or call 1-877-GET-HOPE – that’s 1-877-438-4673.


State Rep. Martin Carbaugh serves as Vice Chairman of the Insurance Committee. He also serves on the Employment, Labor and Pensions Committee and the Veterans Affairs and Public Safety Committee.  Rep. Carbaugh represents a portion of Allen County.