More assistance for “Hardest Hit” Hoosiers
STATEHOUSE – Lt. Gov. Sue Ellspermann held a press conference yesterday announcing 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 Indiana Housing and Community Development Authority (IHCDA).
“The jobless and foreclosure rates are too high in Indiana, and the additional federal funding for this program will help provide some relief for struggling homeowners,” said State Representative Kathy Kreag Richardson (R-Noblesville). “Job creation is the top priority for the Legislature as that is the true means for Hoosiers to achieve financial security and for Indiana to have a stronger economy.”
The U.S. Department of the Treasury recently approved Indiana’s Hardest Hit Fund changes, which has broadened borrower eligibility to include:
“The effects from the recession are still being felt by some Hoosiers,” said State Representative P. Eric Turner (R-Cicero). “This fund is in place to help those in need get back on their feet. If you lose your job or a loved one who was providing for your family, it can be hard to maintain the same financial stability. This fund provides a cushion for Hoosiers to get their finances in order without losing their home.”
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 www.877GetHope.org or call 1-877-GET-HOPE – that’s 1-877-438-4673.