Help for the Hardest-Hit Housing Markets 


1. $1.5 Billion to Work with State Housing Agencies to Innovate and Help Address the Problems Facing the Hardest-Hit Housing Markets 

• There will be a formula for allocating funding among eligible states that will be based on Home price declines and unemployment. 

• HFAs must submit a program design to Treasury. 

• Programs may include: Measures for unemployed homeowners; 

Programs to assist borrowers owing more than their home is now worth; 

Programs that help address challenges arising from second mortgages; or 

Other programs encouraging sustainable and affordable homeownership. 

 

2. Accountability and Transparency for these Housing Programs 

• All funded program designs posted online. 

• Accountability for results – program effectiveness measured and results published online. 

• Effective oversight under the Emergency Economic Stabilization Act of 2008.

Click here for more information on this program.