In 2010, the federal government created the Hardest Hit FundSM to help state Housing Finance Agencies (HFAs) provide financial assistance to homeowners in states hit hardest by the housing crisis and economic downturn.
The Hardest Hit Fund provided $7.6 billion to the 18 hardest hit states, plus the District of Columbia, to assist struggling homeowners.
Programs that are supported by the Hardest Hit Fund vary by state – as do requirements for eligibility – and may include:
- Mortgage payment assistance if you are unemployed or underemployed
- Mortgage reinstatement programs to help you get current on your mortgage
- Modification assistance to help you secure a more affordable mortgage
- Assistance to help you transition into more affordable housing
See if your state received Hardest Hit Funds, and, if so, whether you may qualify for financial assistance through your state. Reach out to your state’s HFA for more information.