OCTOBER 2016
KeepYourHomeCalifornia | Newsletter
More Than $1.5 Billion in Funding Provided to California Homeowners

Earlier this month, Keep Your Home California surpassed $1.5 billion in assistance provided to homeowners across the state. As of October 26, the total was $1,511,717,912.11 provided to 67,366 households, with an additional $270 million scheduled to be disbursed and reserved for homeowners currently in process for the program.

While we are proud to reach this milestone and help so many homeowners avoid foreclosure, we also know there are still a lot more Californians who are struggling with their mortgage payments. Fortunately, there are still plenty of funds available for homeowners in need, thanks to the $383.3 million in additional funds Keep Your Home California received from US Treasury earlier this year. The program was also extended until December 31, 2020.

If you or someone you know are having difficulty paying your mortgage due to a financial hardship, please call 888-954-KEEP (5337) or visit www.KeepYourHomeCalifornia.org for more information.  
#KYHCGivingThanks Begins in November
Thanksgiving is less than a month away. At Keep Your Home California, we are thankful our program has made positive impacts in the lives of over 67,000 California homeowners. Each day in November, we will share notes we have received from homeowners about their experiences with the program.

While it's certainly not necessary or expected, we always appreciate hearing follow-up stories from the homeowners who received Keep Your Home California assistance. Knowing the program is making a difference in the lives of real California homeowners makes our work worthwhile. If you would like to share your story, please email us at Success@kyhca.org.


Upcoming Holiday Closures
As we approach the holiday season, there are multiple days ahead when the Keep Your Home California call center will be closed. Three of those days fall in November:
  • November 11 - Veterans Day
  • November 24 - Thanksgiving Holiday
  • November 25 - Thanksgiving Holiday
You can find a complete list of the dates the call center is closed on our Before You Call webpage.
California Earned Income Tax Credit
The California Earned Income Tax Credit (CalEITC) is a cash back tax credit that puts money back into the pockets of California's working families and individuals. The CalEITC could boost income for an estimated 600,000 eligible families across the state.

You may be eligible for the CalEITC if:
  • You have earned income within certain limits AND
  • You, your spouse, and any qualifying children each have a social security number (SSN), AND
  • You do not use the "married/RDP filing separate" filing status, AND
  • You lived in California for more than half the tax year
For more information, including the EITC Fact Sheet and the Eligibility Infographic, please visit caleitc4me.org.
Funding
(as of October 26, 2016)

Programs
  
Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
44,342      
$731,193,825.63
Principal Reduction Program
9,777        
$595,593,523.58
Mortgage Reinstatement Assistance Program
11,752      
$175,350,057.16
Reverse Mortgage Assistance Pilot Program
489
$6,005,510.80
Transition Assistance Program
1,006       
$3,574,994.94
Total Program
Funds Allocated
67,366       
$1,511,717,912.11
Recent Blog Post:

Documentation paves the way for up to $100,000 in free mortgage assistance
 
Paperwork is part of the application process with Keep Your Home California.

Nothing really new to you here - many of the documents that were necessary when you applied for a mortgage are also required for Keep Your Home California. But our application process may make homeowners eligible for much-needed financial assistance to ease their mortgage problems.

Instead of spending thousands of dollars when obtaining a mortgage -- for closing costs, down payment and escrowed funds - the Keep Your Home California application process is free.

On top of that, the federally funded, state-managed program is actually helping you save your home - along with your commitment, your effort and the money you have invested in your home. Plus, you don't have to move and, for some people, that is priceless.

Read More   
Success Story: Shauna L.
'I love where I live and determined to remain'

Homeowner Shauna L. was like many others in California.

She lost her good-paying job of 20 years, got behind on her mortgage payments and was facing an impending foreclosure.

"I had been going through a lot," says Shauna, who had watched her monthly payments increase from about $1,200 to $1,700 during the first several years of her mortgage. "I was so far behind; I was already in foreclosure,"

So, when she lost her job, the mortgage payments became more difficult - and then impossible.

Read More    
Monthly Question & Answer
Q: How will the funds be disbursed to me?
A: Unemployment Mortgage Assistance, Mortgage Reinstatement Assistance Program, and Principal Reduction Program benefits are disbursed to your first mortgage servicer who is responsible for applying them to your mortgage. Transition Assistance Program funds are distributed directly to the homeowner after confirmation escrow has closed.
  
Water Saving Tips

Invest in a water broom which attaches to your hose, but uses a combination of air and water pressure to aid cleaning. Water brooms can use as little as 2.8 gallons per minute (gpm) to remove dirt, food spills, leaves, and litter from concrete and asphalt while a standard hose typically uses 5 to 20 gpm.

For more tips on what you can do to save water, please visit the Save Our Water website.
To see all Servicer Scorecards, please visit the Participating Servicers webpage.
November 12, 2016
1:00pm - 5:00pm
Keep Your Home California Event
Sacramento, CA
November 19, 2016
8:30am - 4:30pm
Homebuyer Education Workshop
Oxnard, CA
November 19, 2016
8:30am - 5:30pm
Homebuyer Education Workshop
Ventura, CA
December 3, 2016
10:00am - 4:00pm
Save Your Home California
Riverside, CA



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www.KeepYourHomeCalifornia.org - 888.954.KEEP(5337)