What is hardest hit fund

Close this message. Credit Cards. Checking Accounts. Savings Accounts. Home Equity. Invest with a J. Morgan Advisor. Online Investing with J. Chase for Business. Commercial Banking. Federal government websites often end in. Application deadlines vary. Some states have already concluded the application process. No applications will be accepted beyond December 31, HHF programs and eligibility vary by state.

Therefore, there will be no additional funding for the program without congressional action. However, if participating states do not meet certain spending deadlines, Treasury may rescind some of their funds and reallocate them to other participating states.

However, when it allocated the fifth round of funding, Treasury extended the deadline for using HHF funds to December 31, More information on the HHF is available on Treasury's website. For more information on additional temporary programs that were established to assist homeowners facing foreclosure, see CRS Report R, Preserving Homeownership: Foreclosure Prevention Initiatives , by [author name scrubbed].

See Table 1 for a list of states that received funding through the Hardest Hit Fund. Topic Areas About Donate.

The Hardest Hit Fund: Frequently Asked Questions March 31, R The Hardest Hit Fund HHF , administered by the Department of the Treasury, is one of several temporary programs that were created to help prevent home foreclosures in the aftermath of housing and mortgage market turmoil that began around Download PDF. Download EPUB. Topic areas Appropriations Domestic Social Policy. Indiana is one of 19 states that received money from the U. Department of the Treasury to help homeowners avoid losing their homes to foreclosure.

The purpose of the HHF program is to prevent avoidable foreclosure and help stabilize the housing market. The IFPN was developed by a coalition of community organizations, housing-related agencies, government agencies, lenders and banks, to assist Indiana homeowners who are struggling with — or who are at risk of — mortgage delinquency and foreclosure.

HHF helps qualified homeowners who have fallen behind on their mortgage payments due to an involuntary financial hardship. Hardships that may qualify homeowners for assistance include, but are not limited to:.