GOOD NEWS for Detroit Residents who are behind on their Mortgage

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                    Southwest Housing Solutions Housing Opportunity Center

          3627 W. Vernor  Detroit,  Michigan  48216  313.841.9641 Main 313.297.1380 Fax

 

Good news for Detroit residents who

have fallen behind on their mortgage!

 

The City of Detroit was awarded a CDBG-R grant for $9.9 million.  From that grant, $1.2 million was earmarked to provide housing assistance to eligible City of Detroit residents who are at risk of losing their home through means foreclosure.  Southwest Housing Solutions was awarded $272,519 of that $1.2 million to distribute to struggling homeowners.  The program is designed to provide up to three (3) months of mortgage payments for City of Detroit residents whose household income falls at or below 80% of the Area Median Income (AMI).  For Wayne County, the AMI is $65,300 therefore the household income for a family of 4 must be at or below $52,250.00.  

 

We have listed below some of the eligibility requirements for the program:

·        Property must be in the City of Detroit

·        Must be the legal owner of property

·        Property must be your primary residence AND you must live in the home

·        Mortgage delinquency status cannot exceed three (3) months of arrearages

• Property taxes must be current – (Note: there are some exceptions; call for more details)
• Homeowner must be able to show stable income

 

If you, or know ANYONE who you think might qualify for this program, please have them call the Housing Opportunity Center immediately and request an Intake Package at 313.841.9641 or stop by the office and pick one up.  We have an EXTREMELY small window of opportunity to help eligible City of Detroit Residents, so it is imperative that we act quickly.  Any funds that have not been used by the August 31, 2012 deadline, will be returned to the City of Detroit and then, eventually, back to the Federal Government. 

Thank you for your assistance in spreading the word and please do not hesitate to call our office with any questions. 

 

 

Southwest Housing Solutions - Housing Opportunity Center

3627 W. Vernor  Detroit,  Michigan  48216  313.841.9641 Main 313.297.1380 Fax

You can also email Grace or Lupe with questions about the program and to receive an

Intake Packet

gschow@swsol.org  Grace or  gzarate@swsol.org  Lupe