Tuesday, August 30, 2011

HUD move EHLP Deadline

Unemployed home owners have still a chance to qualify for the Department of Housing and Urban Development Emergency Loan Program until September 15, 2011. That was the new deadline set by the HUD to give homeowners plenty of time to process their application. The original deadline was slated to end on July 22 but extended until July 27.

The $1 billion unemployed homeowner’s aid program has covered 27 states and whoever will qualify will receive up to $50,000 interest-free loan with payment period of up to two years. In five states operating programs similar with EHLP, including Delaware, Idaho , Maryland, Connecticut and Pennsylvania will have also until Sept. 30 the last day in receiving applications.

Scott Elliot, spokesman for PHFA, said on his statement on Monday ", the deadline was extended to September to allow more time for contacting the counseling centers and getting more applications in.”

There are currently 3,100 application received by the department since June and expect for more to come before the deadline. Every day, PHFA receives about 250 applications from 27 states.

1 comment:

  1. Interesting post. Looking forward to seek more fantastic posts on housing loans

    ReplyDelete