Madison County homeowners impacted by COVID-19 may be eligible for mortgage payment assistance.
“Due to the pandemic, we have seen an increase in people losing their jobs or being laid off,” Madison County Community Development Administrator Dave Tanzyus said. “As a result, many people have not been able to pay their mortgage or rent, resulting in a huge need in our community.”
Madison County Community Development received $3.3 million in funding to help residents. MCCD identified a gap in Mortgage Assistance services provided to residents during the COVID-19 Pandemic.
The U.S. Department of Housing and Urban Development awarded $3,304,906 in CARES Act funds in an effort to prevent, prepare for, and respond to the coronavirus (CDBG-CV).
Tanzyus (shown) said the Mortgage Assistance Program will allow income eligible residents that have been affected by the pandemic the opportunity to catch up on up to three months of back mortgage payments.
Mortgage assistance will be provided one time to eligible residents, and it will provide up to three months in consecutive past mortgage payments. Mortgage payments will be offered on a first come first serve basis to income eligible households, while funding lasts.
Income eligible families’ gross annual income must be at or below 80 present of AMI (Area Median Income.) To be placed on the Mortgage Assistance list, interested parties should contact Community Development’s Community Resource Line at (618) 296-5300.
Applicants must be Madison County Residents and will be asked to complete a mortgage assistance application, as well as provide income documentation for every member of their household and proof of homeownership or mortgage.