Florida Housing corporation re-opens Hardest-Hit program fund

Published: Wednesday, May 14, 2014 at 05:00 AM.

TALLAHASSEE — Florida Housing Finance Corporation representatives are accepting online applications starting 9 a.m. Eastern Time tomorrow, May 15,  for the state's Hardest-Hit Fund Principal Reduction program.

Floridahomeowners who have remained current on their mortgages, but missed out on the opportunity to apply for the program last fall, will be able to do so later this week. Apply for free at the official Florida HHF Principal Reduction website for homeowners in all 67 counties.

“Since we first announced that the Florida Hardest-Hit Fund would implement a Principal Reduction program for homeowners who have remained current on their mortgages, we have been able to assist more than 2,400 homeowners with nearly $102 million,” said Steve Auger, executive director of Florida Housing.

“While our state’s housing market continues to recover, this is a second opportunity for those homeowners who did not apply last year to see if they may qualify for HHF-PR assistance.”

The program reached its goal of accepting 25,000 applications within one week prior to closing the application process last fall.

Florida Housing anticipates that online applications will continue until disbursements for qualified and approved homeowners near the $350 million in Florida Hardest-Hit funds approved by the Corporation’s Board.

As HHF-PR funding nears the allocation, Florida Housing will make public announcements approximately five working days prior to closing the application. Previous applicants who were deemed ineligible may have their applications re-evaluated by contacting their assigned HHF-PR Advisor and should not submit a new application.



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