State housing assistance payments begin Monday – VT Business Magazine

Landlords who haven’t received expected rent payments from tenants will get a cool $30 million

“Governor Phil Scott, the Department of Housing and Community Development (DHCD), the Vermont State Housing Authority and the Vermont State Housing Finance Agency today announced $30 million in housing assistance to those affected by COVID-19. “Landlords, renters, homeowners and those experiencing homelessness have all been impacted by this virus and need assistance, which is why we’ve worked closely with the Legislature to provide this relief,” said Governor Scott. “As we continue to fight this virus, keep Vermonters safe and restart our economy, we know our recovery starts with everyone having a safe and secure place to call home.” The programs, first proposed by the Administration and amended and passed by the Legislature, utilize federal CARES Act funding to provide relief for those tenants unable to pay rent, landlords suffering from a loss of rent payments and those lower income homeowners needing assistance in paying their mortgages. Vermont’s new Mortgage Assistance Program will help low-income homeowners who have fallen behind on their mortgage and are facing economic hardship brought on by the COVID-19 pandemic. The program will provide up to three monthly mortgage payments directly to the servicer of the mortgage with a goal of preventing future foreclosure.”



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