A year after feds allocate funds, Texas launches program to help homeowners avoid foreclosure because of COVID-19

Texas is launching an $842 million fund aimed at helping homeowners avoid foreclosure caused by the COVID-19 pandemic., our daily newsletter that keeps readers up to speed on the most essential Texas news.

The program — called the Texas Homeowner Assistance Fund — is aimed at homeowners who have struggled to pay their mortgage, property taxes, home insurance and home-related fees because of economic hardships caused by the pandemic. The Texas Department of Housing and Community Affairs, the state agency that oversees the program,“We take the financial hardships of our fellow Texans very seriously,” Bobby Wilkinson, TDHCA executive director, said in a statement.

For example, Befroui said, the funds could have helped a client of his — an East Texas woman in her 80s — avoid foreclosure. The woman holds aon her home near Longview, which requires borrowers to stay up to date on their insurance and property taxes. But after her husband died, she fell behind on those payments — and the lender foreclosed on her home.

Wow, it only took them a year to recognize the struggle and move forward with monies ?

This is purely because midterms are coming up. Evil Abbott. We will vote him out.

People wonder why housing prices are sky high and there is no housing inventory

Of course. Now that several hundred million dollars worth of Texas family homes have been snatched up by big international financial corporations, it's finally time for the Abbott administration to crack open that big sweet bag of federal cash they rejected.

So predictable....sit on something that can actually help people.

Little late, don't you think?

& that's why you pass the money straight to whoever needs it

CarolYMorrisse1 Don't Say Corruption

So, just in a holding fund, wouldn't that much money have generated 15-28 million $ in interest...? What did the RedThuglicans do with that...?

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