In Texas, USA, there is a property tax and insurance rebate program. Also offers help with paying HOA and condo fees. We’re talking about the Texas Homeowners Assistance Fund (TXHAF).
Administered by the Texas Department of Housing and Community Affairs, the TXHAF provides certain financial relief to eligible homeowners. With this in mind, the program encourages support for people who are struggling to make mortgage payments due to COVID-19.
What are the specifics of this program?
Thanks to the TXHAF, homeowners can claim up to $65,000.00 per home to pay off past-due mortgage payments.
Of this amount, up to $25,000.00 may be obtained with the aim of covering lien violations on the property. This includes unpaid property taxes, property insurance, HOA fees, and condo fees.
In addition, up to $10,000.00 may be used for retirement benefits, which include both outstanding amounts and potential assistance.
Although many people wonder what they must do to qualify for this program, it is important that they understand the requirements.
In this sense, one of the eligibility criteria is being in arrears on mortgage payments. In addition, you must have a family income that is equal to or below (whichever is greater) the median income for the country or region.
To make the calculations easier, there is an application on the TXHAF website that determines the level of qualification in a specific field.
Another essential requirement is reside in Texas and have financial hardship due to COVID-19 after January 21, 2020.
In addition, any additional program-specific conditions must be met, e.g. B. Submission of proof of receipt, proof of income and proof of residency in Texas.
In this case, it is not a problem if the participants have already applied to other pandemic relief programs. However, if duplicate payments are received for the same amount due, excess amounts may need to be repaid.