REDMOND, Ore. - In an effort to continue to prevent foreclosure in Oregon, the Oregon Housing Stabilization Initiative is temporarily opening its Mortgage Payment Assistance program for unemployed homeowners, NeighborImpact said Monday.
Potentially eligible applicants can submit their online application every other week (opens on Wednesdays) on OHSI's website at www.oregonhomeownerhelp.org/.
The MPA-U program provides a benefit of up to $20,000 in mortgage payments and up to $40,000 to reinstate loans that are in default for eligible applicants.
Basic eligibility requirements include:
- Homeowner must currently be receiving unemployment benefits
- The home is owner-occupied and primary residence
- Homeowner cannot be in active bankruptcy
- Homeowner cannot have previously received MPA benefits
- Income limit 160% SMI (State Medium Income)
OHSI determines eligibility of applicants. Other eligibility requirements may apply.
For more information or instruction on how to apply, please visit www.oregonhomeownerhelp.org/
About NeighborImpact: Since 1985, NeighborImpact has been a leader in developing solutions and bringing resources to Crook, Jefferson, Deschutes County and Confederated Tribes of Warm Springs. The agency offers a diversity of services meeting basic human needs for food and shelter, while enriching people's lives by providing access to increased education, skills, and hope for the future. NeighborImpact is a private nonprofit organization that receives federal, state and local grants, foundation grants, and donations from individuals and businesses in our community. To learn more about NeighborImpact, please visit https://www.neighborimpact.org/.
NeighborImpact is a 21 Cares for Kids partner.