Millions of Americans received a third stimulus check last year as part of the American Rescue Plan. While there is no word on whether a fourth one is on the way, more funding is available. In fact, another $10 billion has been set aside in the American Rescue Plan, which will soon be distributed to qualified residents in 43 states.
The funds are part of the Homeowner Assistance Fund (HAF), which was established to “prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020,” according to the Treasury Department. That means the funds will be prioritized for “homeowners who have experienced the greatest hardships, leveraging local and national income indicators to maximize the impact.”
So, how much money can you get? The money was divided among the states, territories, and tribes, but each state, Washington, D.C., and Puerto Rico received $50 million. The states then decide who gets the money and how much they get. So far, 43 states have launched HAF programs or pilot initiatives.
For those states, go to this website and select your state to learn how to apply and what the requirements are. If you live in Delaware, Idaho, Iowa, Minnesota, Mississippi, North Dakota, or Utah, you’ll need to keep checking their websites for updates.