IHFA gets enough to help up to 600 homeowners, even if they’re out of work
BY JOE ESTRELLA - jestrella@idahostatesman.com
Copyright: © 2011 Idaho Statesman
Published: 04/07/11
The U.S. Department of Housing and Urban Development is throwing a lifeline to potentially hundreds of Idaho homeowners who are delinquent on their mortgage payments.
The Idaho Housing and Finance Association is getting $13 million to provide zero-interest bridge loans of up to $50,000 to Idahoans in danger of losing their homes to foreclosure.
To be eligible for the Emergency Homeowner Loan Program, owners must be behind in their mortgage payments because of job loss, underemployment or a medical condition, said HUD spokesman Lee Jones.
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