The California Mortgage Relief program is expanding its reach yet again, offering aid to more homeowners who’ve fallen behind on their payments since the pandemic began. The program offers up to $80,000 to low- and moderate-income homeowners who have missed at least two mortgage payments because of a pandemic-related financial hardship. They can also obtain up to $80,000 for overdue property taxes.
The state previously limited aid to homeowners who had missed payments by March 1, 2023. But the California Housing Finance Agency’s Homeownership Relief Corp. hasn’t exhausted the $1 billion in federal funds it received for the program, so aid is now available to those who missed at least two mortgage payments or one property tax payment by Aug. 1.