Treasury to Provide More Hardest Hit Funding Thru 2020

[Bob Malecki]

The U.S. Department of Treasury announced on Friday that it would provide up to $2 billion in additional Troubled Asset Relief Program (TARP) funds for the Hardest Hit Fund (HHF) program to put toward assisting struggling homeowners and stabilizing communities that were most affected by the foreclosure crisis.

Using the latest round of funding, participating state Housing Finance Agencies (HFAs) will be able to provide assistance for the hardest hit communities. This will be the fifth round of HHF funding. According to Treasury, the deadline for states receiving additional funding to utilize those funds is extended by three years; those states now have until December 31, 2020, to utilize the funds. See full article here.

[Bob Malecki]

@Steve Hodgdon that's because NoteSchool has featured it in their 2016 bootcamp seminars. The process is much harder to have a successful outcome than NoteSchool portrays it, of course. My company considers it just some frosting on the cake if it is successful.

Bob