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Fla. Homeowner Assistance Fund: Aug. 26 Deadline

The Fla. DEO says Fri. is the last day registered homeowners can apply for HAF aid; they plan to spend the full $676M based on applications received by then.

TALLAHASSEE, Fla. – Florida’s Homeowner Assistance Fund (HAF) was created to help homeowners financially harmed by the COVID-19 pandemic. The state’s funds, part of federal laws, are created to prevent mortgage delinquencies, defaults, foreclosures and displacements. They can also provide assistance with home energy services, internet costs, property and/or flood insurance, property taxes, and homeowner or condominium association fees.

Under the plan, each state oversees distribution. Of the money allotted – a minimum of $50 million per state – Florida received $676,102,379 through the U.S. Department of the Treasury.

Eligible Florida homeowners may receive up to $50,000 in assistance. In distributing the money, the U.S. Treasury created guidelines, saying, “Funds from the HAF may be used for assistance with mortgage payments, homeowner’s insurance, utility payments and other specified purposes.” Based on those guidelines, the Florida DEO created a 48-page document and posted it online, Needs Assessment and Plan for the Homeowner Assistance Fund, outlining how Florida will use and distribute the funds.

The deadline for applications is Friday, Aug. 26, 2022, providing applicants previously registered.

According to the Florida Department of Economic Opportunity (DEO), Florida is halfway completed with more than $328 million awarded to date, “more than any other state in the nation.”

Program results so far, according to DEO

  • A total of 11,740 homeowner applications have been approved, with more than $328 million in awards to date.
  • 20,849 homeowners have been invited to apply but have not started their applications.
  • 16,562 applications have been started by homeowners but not been submitted.
  • 22,799 applications have been submitted to DEO by homeowners.

“Our goal with these modifications is to ensure we can maximize our serving those Floridians who are somewhere in the application process now or have applied by the end of this week,” says DEO Secretary Dane Eagle. “I encourage all homeowners who have been invited to apply to complete and submit their applications for relief before the deadline on August 26.”

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https://www.floridarealtors.org/news-media/news-articles/2022/08/fla-homeowner-assistance-fund-aug-26-deadline