LAS VEGAS (KTNV) — The Nevada Affordable Housing Assistance Corporation (NAHAC) will roll out soon a program to help low-income homeowners with their mortgage payments during this coronavirus crisis.
It is called the Unemployment Mortgage Assistance Program and it provides to those who qualify up to $3,000 per month to cover principal, interest, taxes, insurance, and as applicable, Homeowner’s Association dues, for three months, to a maximum total assistance of $9,000.
This option comes after working together with the U.S. Department of the Treasury to deliver help through the Nevada Hardest Hit. So far, the Unemployment Mortgage Assistance Program it has approximately 5 million dollars to distribute. NAHAC expects to help at least one thousand low income households in Nevada.
“It will give the homeowners some breathing room and it will take out a lot of the administrative work of them having to come back every month they can focus on those things like feeding their families and taking care of those essentials”, said Verise Campbell, CEO of the Nevada Affordable Housing Assistance Corporation.
There are several requirements to qualify for this assistance, including but not limited to:
- Being unemployed since March 1st of after due to the covid-19 outbreak.
- You must receive the Nevada State Unemployment insurance benefits.
- A household income that does not exceed $98,500.
- Not having an active bankruptcy
The application for this program will by phone at (888) 320 6526, but it will only be answered after the programs starts.
The roll out day is expected to be on the first week of May and for this information and other details, NAHAC is encouraging everyone to visit their website at www.nahac.org
if you need more help than this program could give you, Verise Campbell suggests contacting your lender and your housing council agencies.