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In the latest extension, assistance is available to qualified homeowners who've missed at least two mortgage payments by Feb. 1 and are still in arrears, or who've missed at least one property tax ...
The mortgage relief program was originally seen as one-time-only assistance. Now, however, California homeowners who've already received help can apply for more if they have missed more payments ...
As part of the Homeowner Assistance Fund authorized by the American Rescue Plan Act, California was awarded $1 billion to put toward the program, which provides homeowners with up to $80,000 in ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
The California Association of Realtors previously sponsored and financed an initiative measure known as 2018 California Proposition 5 on the November 2018 ballot that would have further expanded Proposition 13 property tax breaks for certain homeowners (primarily homeowners over age 55) by allowing them to transfer their lower property tax base ...
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Then, the American Recovery and Reinvestment Act of 2009 expanded the first-time homeowner credit and increased the income eligibility of the previous tax credit. Under the original program ...
2021 California Senate Bill 9 (SB 9), [1] titled the California Housing Opportunity and More Efficiency (HOME) Act, is a 2021 California state law which creates a legal process by which owners of certain single-family homes in single-family zoned areas may build or split homes on their property, and prohibits all cities and counties from directly interfering with those who wish to build such ...