The state of Michigan has just launched a multi-million dollar program to assist homeowners who have fallen behind on their homeownership-related expenses due to hardships caused by COVID. The Michigan Homeowner Assistance Fund can be used for payments on delinquent mortgages, condominium or homeowners association dues, property taxes, utility bills, and escrow shortages.
The program is a much needed source of relief to struggling homeowners, as Michigan was one of the top 5 states in January for highest foreclosure rates with one in every 3,127 housing units being foreclosed upon, compared to the overall national rate of 1 in 5,922.
Households who occupy a property as their primary residence and have incomes less than 150% of Area Median Income qualify for the program. Eligible households must have suffered a financial hardship directly related to COVID-19 on or after January 21, 2020.
More information on the program can be found here: https://www.michigan.gov/mshda/homeownership/mihaf-homeowner-assistance