Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
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.
Support for LAist comes from
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.
The $1 billion in funding to expand the program is from the U.S. Treasury.
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
The union representing the restaurant's workers announced Tuesday that The Pantry will welcome back patrons Thursday after suddenly shutting down six months ago. -
If approved, the more than 62-acre project would include 50 housing lots and a marina less than a mile from Jackie and Shadow's famous nest overlooking the lake.
-
The U.S. Supreme Court lifted limits on immigration sweeps in Southern California, overturning a lower court ruling that prohibited agents from stopping people based on their appearance.
-
Censorship has long been controversial. But lately, the issue of who does and doesn’t have the right to restrict kids’ access to books has been heating up across the country in the so-called culture wars.
-
With less to prove than LA, the city is becoming a center of impressive culinary creativity.
-
Nearly 470 sections of guardrailing were stolen in the last fiscal year in L.A. and Ventura counties.
Best of LAist