Treasury Approves HFA Hardest-Hit Fund Initiative Homeowner Assistance Plans

The Treasury Department today announced that it has approved foreclosure prevention plans prepared by state Housing Finance Agencies (HFAs) in Arizona, California, Florida, Michigan, and Nevada under the Administration’s $1.5 billion Hardest-Hit Fund initiative.  These funds will support state-designed initiatives to assist struggling homeowners in those states, as part of the first round of funding available under this new program.

Barbara Thompson, executive director of the National Council of State Housing Agencies (NCSHA), said, “NCSHA is pleased Treasury has approved the state HFAs’ plans to help struggling homeowners keep their homes under the Hardest-Hit Fund initiative.  Once again, the Administration has turned to the state HFAs as key partners in its housing recovery efforts.”  NCSHA represents state HFAs before Congress and the Administration in Washington.

Thompson said, “With Treasury’s approval of their plans, the HFAs can now quickly move forward toward their implementation.”

For more information, see Treasury’s press release, which includes a state-by-state summary of the Hardest Hit Fund proposals approved today, and NCSHA’s Hardest-Hit Fund webpage.