Editorial: Assisting Homeowners | Texas Launches Help Programme

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The $1.9 trillion stimulus package included more than $10 billion to assist homeowners who fell behind on their mortgage payments as a result of COVID-19.

Since then, 25 states – including adjacent Arkansas and populous states like California and New York – have established systems to distribute their part of the monies to low-income individuals.

However, Texas lagged behind. The Lone Star State has implemented a handful of pilot projects that have benefited approximately 600 families with a total of approximately $5 million. However, it was only last week that the Texas Department of Housing and Community Affairs began accepting applications for the majority of the funding – approximately $842 million.

 

Texas Help Programme

 

Nonetheless, it’s better late than never.

According to the TDHCA, between 55,000 and 70,000 homes in the state are currently in risk of foreclosure because to the COVID-19 pandemic.

 

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Residents of Arkansas can check eligibility requirements and apply at https://arkansashaf.com, while residents of Texas can visit https://www.texashomeownerassistance.com.

There is a lot of news about COVID-19’s decline. However, it’s critical to realise that the economic impact continues to touch a large number of your fellow Americans, most possibly including some of your friends and neighbours.

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