Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
California Will Offer Full Mortgage Repayments For Qualifying Residents
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020.
(
Frederic J. Brown
/
AFP via Getty Images
)
California officials expanded the state's Mortgage Relief Program to help homeowners who'd fallen behind on mortgage and property tax payments due to COVID-19 in the first half of 2022.
Now, the state will offer full reimbursement for missed mortgage payments of up to $80,000 for residents who have missed at least two payments before June 30, and are currently delinquent.
The program covers up to $20,000 in past-due property tax payments for mortgage holders who missed at least one payment prior to May 31. Previously, the program required homeowners to miss at least two payments prior to the program's launch on December 27, 2021.
To qualify, household incomes must be at or below 150% of their county's area median income. In Los Angeles County, that's about $178,000 annually for a family of four.
Nicole Evans, who works with the state's program, said more homeowners can apply, but funds will be provided on a first come, first served basis.
"There's about 90,000 households that may be eligible for reinstatement for property tax," she said.
Sponsored message
The $1 billion in funding to expand the program is from the U.S. Treasury.
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
