Norton Says Treasury Department Assistance to Struggling D.C. Homeowners and Communities is Welcome to Mitigate D.C.’s Affordable Housing Crisis
WASHINGTON, D.C. – (RealEstateRama) — Congresswoman Eleanor Holmes Norton (D-DC) today said the U.S. Department of the Treasury will allocate an additional $28.7 million to District of Columba residents in an effort to prevent foreclosures and help the District housing market. The Department of Treasury is allocating the final $1 billion allotment of grants under the Hardest Hit Fund (HHF), which was established in 2010 to provide targeted assistance to homeowners in the District and 18 states deemed hardest hit by the economic and housing market downturn.
HHF grants help struggling homeowners through modification, mortgage payment assistance, and transition and assistance programs.
“These grants to prevent foreclosure are particularly important to residents in our city, where so many have been priced out of affordable housing,” Norton said. “We must do everything we can to keep families who are still facing the prospect of foreclosure in their homes.”
D.C. residents currently in need of assistance should contact the D.C. Housing Finance Agency.
