STATEHOUSE – Lt. Gov. Sue Ellspermann held a press conference yesterday with State Representative Steve Davisson (R-Salem) 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 Indiana Housing and Community Development Authority (IHCDA).
“The high rates of unemployment and foreclosure rates throughout Indiana are cause for concern as we emerge from this economic decline,” said Rep. Davisson. “The program expansion presented by the IHCDA will help Hoosiers get back on their feet.”
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.
“Our homes are among our most cherished assets, in which we build a family and create memories,” said Rep. Davisson. “We want to do what we can to ensure that our Hoosiers can make the necessary payments to maintain ownership of their homes.”
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.