Earlier this month, the Keep Your Home California Income Limits were updated to reflect changes in the Area Median Income for multiple counties. In all, there were ten counties that saw their household income limit increase and no counties that experienced a decrease.
Keep Your Home California is designed for low and moderate income homeowners. In order to qualify for assistance, applicants' household income must be below the program income limits for the county in which they live. With the recent increases, there may be homeowners who previously did not qualify for assistance who now qualify. Following are the ten counties where the income limits were increased: Alpine, Calaveras, Colusa, Inyo, Lassen, Mariposa, Mendocino, San Luis Obispo, Santa Barbara, and Santa Clara.
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Record Amount of Funding Approved in the Last Three Months
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In July, Keep Your Home California approved over $38 million in assistance, the third month in a row where the amount approved for funding eclipsed $38 million. A total of $115 million in benefit assistance was approved in May, June, and July. Before May of this year, Keep Your Home California had never surpassed $38 million approved for funding in a single month. While we are encouraged that more funding is getting to struggling California homeowners, these outcomes only underscore that there are still a lot of homeowners who need assistance, so we know there is more work to do.
There are nearly 8,000 homeowners currently in process, representing an additional $568 million in reserved financial assistance. Though not all of the 8,000 homeowners in process will ultimately qualify for assistance, the recent results and current pipeline suggest we will fully allocate all funds well before the program sunset date of December 31, 2017. If you or someone you know is struggling with their mortgage payments due to a financial hardship, we encourage you to call 888-954-KEEP (5337) or visit www.KeepYourHomeCalifornia.org today.
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Homeowners Learn About Programs at NAHREP Event in Lancaster
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The National Association of Hispanic Real Estate Professionals (NAHREP) invited Keep Your Home California to speak at the Antelope Valley Chapter's First Annual Home Buyers & Sellers Ownership Fair 2015, in Lancaster, California. Keep Your Home California representatives Maribel Gonzalez and Daniela Mckenzie provided information about the programs with many in attendance. Some attendees who had already received Keep Your Home California assistance shared their stories and how vital the program was in helping them to stay in their home. Others who heard about the programs for the first time were able to get their questions answered and made plans to follow up with a certified counselor to see if they qualify for assistance.
Keep Your Home California representatives have attended nearly 100 events since the beginning of 2015, and have participated in 778 events since early 2011. Thousands of homeowners have been exposed to the federally-funded, state-managed program at these events during the past four-plus years. We greatly appreciate NAHREP Antelope Valley inviting us to their event so we can continue to raise awareness about the programs.
If your organization would like a Keep Your Home California representative to speak at your event, please contact our Community Outreach Liaison, Denise Teora, at [email protected], or by phone at 916-326-8616. If you have a success story you would like to share, we want to hear about it! Please send your story to [email protected].
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Funding
(as of August 27, 2015)
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Programs
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Homeowners Assisted
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Total Amount Distributed
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Unemployment Mortgage Assistance
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38,013
| $560,734,412.11
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Principal Reduction Program
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6,545
| $392,641,639.12
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Mortgage Reinstatement Assistance Program
| 9,633
| $135,649,321.81
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Reverse Mortgage Assistance Pilot Program
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133
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$1,437,579.95
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Transition Assistance Program
| 911
| $3,233,624.66
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Total Program
Funds Allocated
| 55,235
| $1,093,696,577.65
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Free mortgage events connect homeowners with Keep Your Home California counselors, representatives
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Keep Your Home California is often on the road, attending events and helping homeowners with their mortgage issues, from Lake County in Northern California to the desert communities of Southern California.
It's an effort to connect with, educate and encourage homeowners about the free mortgage-assistance program, which has helped more than 55,000 people since February 2011-or the equivalent of about half of the people in Richmond, Temecula or Ventura...
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Curtis received some information about Keep Your Home California almost a year ago.
'I didn't even read it at the time," says Curtis, who tucked away the information though he doesn't really know why. "I guess I'm kind of a..." Read More |
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Monthly Question & Answer
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A: The Keep Your Home California web site is updated frequently. You can also register for e-news announcements and receive our newsletter by visiting the web site and clicking on the "envelope" icon on the homepage, or you can follow us on Twitter or Facebook. If you would prefer to call, the Keep Your Home California direct line is 888.954.KEEP(5337).
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Washing dark clothes in cold water saves water and energy, and helps your clothes retain their color.
For more tips on what you can do to save water, please visit the Save Our Water website.
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