March 20, 2020
Categories: Affordable Housing, Homelessness, Homeownership
For this week’s blog post, we're keeping it short and simple. We're committed to the health and well-being of our partners and the community. To that end, we're sharing resources related to the ongoing COVID-19 threat with an emphasis on housing and nonprofit information. We've also created a resources page on our web site that we will update regularly.
We're also committed to the health and well-being of our employees. That's why as of March 19th, most TSAHC staff began working remotely and will continue to until further notice.
While our physical office is closed, we're still open for business. All TSAHC staff remain available by phone and email during normal business hours, and our programs will continue to operate. We are reaching out to our partners via email to keep them updated on any necessary modifications to our programs and services.
COVID-19 IMPORTANT INFORMATION AND RESOURCES
General Important Information and Resources
In addition to these statewide resources, check with your City and County to stay updated on local responses to address the ongoing health crisis.
Information and Resources for Homeowners
If you have a mortgage guaranteed by Fannie Mae or Freddie Mac, you may be eligible for reduced or suspended mortgage payments for up to 12 months if you've been impacted by COVID-19. Reference the links below for more information on assistance for homeowners and guidance for lenders and servicers.
If you don't have a mortgage guaranteed by one of these entities, you are encouraged to reach out to your loan servicer to see what payment arrangements can be made.
In addition, the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Finance Agency (FHFA) announced the suspension of foreclosures and evictions for 60 days for FHA-insured and Fannie Mae/Freddie Mac-backed mortgages.
For home buyers, if you're curious how the Federal Reserve's zero percent rate is impacting interest rates, reference page 4 of The Down Payment Report issued by Down Payment Resource.
Information for Renters and Rental Housing Professionals
Guidance for Homeless Assistance Providers
Information and Resources for Consumers
Federal Deposit Insurance Corporation (FDIC)
Information and Resources for Nonprofits
Reference the CDC link above for general information for employers, and reference the below links for information for small businesses.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.
Hi,
I was told by a lender that down payment assistance has been postponed. Is that true?
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If you have a question regarding any of TSAHC's programs, please contact us.
Hi John, TSAHC is conducting business as usual, but due to the market conditions caused by COVID-19, a few of our participating lenders have temporarily suspended their participation in our program. We encourage you to view our list of Approved Mortgage Companies before contacting a loan officer. It can be found here: https://www.tsahc.org/homebuyers-renters/approved-mortgage-companies