BATON ROUGE, La. (BRPROUD) — The state of Louisiana allocated $25 million to homeowners who were affected by the pandemic and encourage more to apply, according to Governor John Bel Edwards.
The governor’s office said through the Louisiana Homeowner Assistance Fund Louisiana has distributed over $25 million in mortgage assistance to 2,769 homeowners who have been affected by COVID-19 and are behind on mortgages or facing foreclosure.
“Disbursing $25 million in assistance to homeowners throughout the state is an important milestone for the program and for Louisiana, as so many residents continue to face financial impacts of COVID-19,” said Gov. John Bel Edwards. “Our goal is to serve as many eligible homeowners as possible, and this is only the beginning. We know that there are many more of our people who could take advantage of this program, and that’s why I am encouraging those homeowners impacted by COVID-19 and meet the eligibility criteria to learn more and apply.”
The program launched in January 2022 and provides $10 billion in federal relief for vulnerable homeowners across the nation. Officials said Louisiana received $146.7 million and can give eligible homeowners up to $25,000.
In order to be eligible, homeowners must meet the criteria:
- Own and occupy a home in Louisiana as their primary residence
- Meet income qualifications
- Must be at least 30 days delinquent on mortgage payments
- Experienced a financial hardship associated with the COVID-19 pandemic
“The state has taken several steps to establish efficiencies in the review process so that funds will more quickly be delivered to approved homeowners, and we continue to work with partner lenders to streamline and simplify the process,” said Desireé Honoré Thomas, assistant commissioner of statewide services for the Division of Administration. “Our goal is to provide this assistance to residents in need as quickly as possible, and we’re doing everything we can to make that happen.”
Renters financially impacted during the pandemic who are behind on rent payments may also be eligible for assistance through the Louisiana Emergency Rental Assistance Program, which launched in March 2021 and provides emergency rental and utility assistance to Louisiana residents in 57 parishes experiencing instability during the pandemic.
Homeowners and renters can find out if they are eligible to receive assistance and apply here.