‘Secret’ Stimulus Checks Sent to Homeowners in Huge ‘Most People Don’t Know’ Boost
Americans behind on their mortgages may be eligible for “secret” stimulus money.
Most people are familiar with the US bailout that is helping struggling taxpayers during the Covid pandemic.
Yet the Homeowners Assistance Fund (HAF) is less well known and helps people struggling with house payments.
The fund is helping people facing defaults and foreclosures due to lockdowns caused by the coronavirus outbreak.
According to the IRS, the HAF aims to “prevent mortgage defaults and defaults, foreclosures, loss of utilities or home energy services, and the displacement of financially distressed homeowners after January 21, 2020.”
“HAF funds can be used to help with mortgage payments, home insurance, utility payments and other specified purposes.
“The law prioritizes funds for homeowners who have experienced the greatest hardship, leveraging local and national income metrics to maximize impact.”
More than three million households were reportedly behind on their mortgage payments in April.
And Yahoo! Finance reports that homeowners who have had income issues since January 21, 2020 are eligible for HAF.
Americans must apply for the HAF and prove their eligibility through the app.
You can contact your state’s housing agency to apply for the allowance.
On June 9, the IRS said it distributed more than 169 million payments worth $ 395 billion, with the latest round totaling $ 4.2 billion.
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Meanwhile, the IRS and the US Postal Service have created virtual kiosks to give Americans tracking tools to determine how much money they are receiving and when it arrives.
And if payment is expected in the form of a paper check or EIP debit card by postal mail, there is a nifty tool that the US Postal Office tool called Informed delivery.