CARES Rent Relief Program
Renters and homeowners who were financially impacted by the economic slowdown related to the coronavirus pandemic will be able to access applications for rent and mortgage relief starting June 29. Applications will be easily accessible from the Pennsylvania Housing Finance Agency’s website at www.PHFA.org. PHFA is administering both programs.
For renters to be eligible for financial assistance under the CARES Rent Relief Program (RRP), they will need to document at least a 30% reduction in annual income since March 1 related to COVID-19, or they must have become unemployed after March 1. If unemployed, they must have filed for unemployment compensation with the Pennsylvania Department of Labor and Industry. Their household income cannot exceed the Area Median Income for their county of residence, adjusted for the number of people in their home.
Renters who qualify may receive assistance equal to 100% of their monthly rent up to $750 a month for a maximum of six months of assistance for the time period between March 1 and November 30, 2020. Payments will be made to their landlord on their behalf. Renters or landlords can apply for rent relief for apartment tenants, but renters are responsible for submitting all the documents needed to ensure their eligibility.
Homeowners who became unemployed after March 1 or who suffered at least a 30% reduction in annual income due to reduced work hours and wages related to COVID-19 may be eligible for financial assistance to help with missed mortgage payments. To qualify for the Pandemic Mortgage Assistance Program (PMAP), they must be an owner-occupant of their residence, the dwelling must consist of one or two separate units, the mortgage must be at least 30 days delinquent, and the homeowner’s annual household income must not exceed the Area Median Income for their county of residence, adjusted for the number of people in their home.
The assistance available for homeowners can be up to $1,000 a month for a maximum period of six months. The time period eligible for assistance is for mortgage payments owed from March 2020 through December 2020, however any CARES assistance provided must be disbursed by Nov. 30, 2020. Financial assistance payments through this program will be made directly to the mortgagee. Homeowners or their lenders can apply for mortgage relief, but homeowners are responsible for providing all the documents needed to determine their eligibility.
Applications for both rent and mortgage assistance will be easily accessible from the Potter County Human Services Website or by contacting Mr. James Kockler at firstname.lastname@example.org