Title
Resolution to Become a Michigan Homeowner Assistance Fund Service Partner and Execute the Provider Participation Agreement
Memorandum
The Homeowner Assistance Fund was established under section 3206 of the American Rescue Plan Act of 2021 to mitigate hardships associated with the coronavirus pandemic by providing funds to prevent homeowner mortgage delinquencies, defaults, foreclosure, loss of utilities or home energy services and displacements of homeowner experiencing financial hardship. In April 2021, the State of Michigan was allocated $242.8 million and the Michigan State Housing Development Authority was designated as the operating agency.
In February 2022, the Michigan State Housing Development Authority publicly opened the Michigan Homeowner Assistance Fund. The funding will assist homeowners with delinquent mortgage/housing payments, delinquent property taxes, and delinquent utility payments to help them avoid foreclosure, displacement, or utility shut-off. Homeowners that occupy the property as the primary residence and have a household income less than 150% of Area Median Income (AMI) are eligible to participate.
In order for our residents to receive funding for their delinquent utility bills and property taxes, the City must be a program service partner.
Budget/Fiscal Impact: There is no financial impact to the participation in the Michigan Homeowner Assistance Fund (MIHAF) program as a service provider.
Staff
Prepared by: Marti Praschan, CFO & Financial Services Area Administrator
Reviewed by: Michelle Landis, Senior Assistant City Attorney
Approved by: Milton Dohoney Jr., Interim City Administrator
Body
Whereas, The Homeowner Assistance Fund was established under section 3206 of the American Rescue Plan Act of 2021;
Whereas, The State of Michigan was allocated $242.8 million to assist residents with delinquent mortgage/housing payments, delinquent property taxes, and delinquent utility payments to avoid foreclosure, displa...
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