The Texas Department of Housing and Community Affairs is offering homeowner assistance through the state’s homeowner assistance fund to help eligible homeowners with past due mortgage payments, property taxes and insurance, and delinquent homeowner association and condo association fees, according to Kristina Tirloni, senior communications adviser for the TDHCA.
Tirloni said the Texas homeowner assistance fund is money that was allocated to the state through the federal government’s American Rescue Plan Act in response to the pandemic. The fund has $840 million available and will offer assistance until the funds run out or until December 31, 2026, when the funds must be expended.
In a news release March 15, officials in Montgomery County notified residents of the new program to help homeowners with delinquent payments due to the pandemic to avoid foreclosure.
Tirloni said there are two categories of relief funds for eligible households. One is past due mortgage payments where eligible homeowners can receive up to $40,000 in relief funds. The other category is for past due property taxes, insurance or association fees where eligible homeowners can receive up to $25,000.
