“The deadline to apply for assistance from the Emergency Home Loan Program (EHLP) will expire a week from today,” says Brendan Vigorito, Director of Education & Community Relations with Money Management International (MMI).
The EHLP is designed to provide mortgage payment relief for qualifying homeowners who are at risk for foreclosure and have experienced a drop in income of at least 15 percent due to circumstances beyond their control, such as unemployment or underemployment due to adverse economic conditions or illness.
MMI has been approved by the U. S. Department of Housing & Urban Development (HUD) to quality homeowners for this new initiative.
“As of today, MMI really has not received many phone calls from homeowners regarding the program,” says Vigorito.
Quick Facts About EHLP
- The $1 billion initiative is expected to provide help for up to 30,000 homeowners.
- Applicants who meet the program’s eligibility requirements may receive a zero interest forgivable loan that pays past due mortgage payments, including missed payments and past due charges for up to a maximum of $50,000.
- The zero percent interest forgivable loans will average $35,000 each, with a maximum of $50,000 awarded to eligible homeowners who are selected through the program.
- There is no cost to apply for this program.
The deadline for filing a pre-application worksheet is July 22, 2011.
EHLP documents will only be accepted by approved agencies, such as MMI. To find out if you’re eligible, visit
www.MoneyManagement.org or call 877.329.2502 to speak to an MMI counselor.
About Money Management International (MMI)
MMI is a nonprofit, full-service credit counseling agency that has served consumers since 1958. In addition to providing financial education services. MMI offers confidential financial guidance, counseling, and debt management assistance. Counseling is available by appointment in branch offices and 24hours a day, 7 hours a week by phone and internet. Services are available in English or Spanish.
MMI’s Roanoke office is located at 7000 Peters Creek Road.
Susan M. Ayers 
This is a teaser for those of us that are struggling, but have MADE all the monthly payments even when unemployed. You have to have missed your damn payments to qualify. In addition, it’s a LOTTERY! Even if you meet every single one of the qualifications you may never get chosen.
Yay gov’mint—Keep on keeping on with bouncing those damn checks you write!
I can tell from what you are saying that you are struggling and are very frustrated. I don’t know what your specific situation is that has resulted in your financial difficulties. But I sincerely hope that things work out for you.
I can tell from what you are saying that you are struggling and are very frustrated. I don’t know the specifics as to what happened to create your financial difficulties, but I sincerely hope that things work out for you.
Is it available in florida?
Floridians are not eligible for the Emergency Home Loans Program (EHLP). Instead Florida has been provided monies under “The Hardest Hit Fund,” which has been funded with $7.6 billion of government money to help citizens in those hardest hit states avoid foreclosure on their homes.
To learn more about The Hardest Hit Program and how to apply, visit
https://www.flhardesthithelp.org/
If your loan was funded before their deadline for the flhardest hit fund you are not eligible for that either, so do you then qualify for EHLP
If your property is in a non-EHLP state and it sounds like that is the case, you would not be eligible.
For informational purposes, the EHLP states as well as the substantially similar EHLP states can be viewed at
http://findehlp.com/EHLPmainpage.asp