With funding from the American Rescue Plan Act, Kentucky homeowners who’ve fallen behind on mortgage — or other payments like property taxes and utilities — may now apply for assistance. Governor Beshear announced the Homeowners Assistance Fund has $85 million available and can award up to $35,000 per household.
“We want to get these dollars out there to homeowners that previously did not qualify for the help at that time we had two renters, we want to make sure that we help as many of you out there as possible,” Beshear said.
Awarded funds will be paid directly to utility, mortgage and insurance companies, tax administrators and homeowners associations.
“If you're behind on your mortgage because of COVID, behind on your property taxes, behind on on homeowners or flood insurance, homeowners association fees or utility costs, this is a great way to catch up, go to the website and apply,” Beshear said.
Home owners must meet three qualifications which include showing proof of financial hardship because of COVID, have lived at the principal residence during financial hardship and make “at or below 150% of the area median income.”
Find out if you qualify by visiting the Kentucky Homeowner Protection Center eligibility page and enter the county of residence, household size and income.
More than $95 million dollars is still available for those who’ve fallen behind on rental payments and utilities.
