The money will be available in case of financial difficulties after January 21, 2020.
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If you are part of the group of Americans who are waiting to receive a fourth stimulus check to cover your expenses during the next few weeks, the White House press secretary, Jen Psaki, has informed that such action will not be taken at the moment .
However, if you are a homeowner and have fallen behind on your mortgage or utility payments, you could access a stimulus through the funds contemplated by the law that was approved in March.
This time You will have to carry out a procedure to claim the resources of an allocated fund of almost $ 10,000 million dollars. The funds will be provided by your state and local government, which in turn will disburse the money only to those who meet the requirements and submit an application.
How to access the Relief Fund
Included in the American Rescue Plan is a program called the Homeowners Assistance Fund (HAF). The money will be available if you have had financial difficulties after January 21, 2020. You can use the funds to cover expenses such as mortgage payments, fees, property taxes, and other payments related to your home. You can even use the stimulus money to pay utility bills.
Requirements to obtain the stimulus:
- In order to receive HAF support, you must own the home where you live and have a mortgage with a balance of less than $ 548,250.
- Your income must be equal to or less than 100% of the average income in your area or the national average income, whichever is higher.
- You must submit an application through the housing agency that corresponds to you, which will be in charge of delivering the funds.
Each office may require you to submit additional documents so you should consult directly with the nearest housing agency.
Related: Fourth Stimulus Check: How Recorded Unemployment Could Open Possibility To Discuss A New Direct Payment
Some $ 9.3 billion dollars will be distributed among the 50 states, the District of Columbia and Puerto Rico. Each of them will receive a minimum of $ 50 million to help distressed homeowners, but preference will be given to unemployed residents and delinquent mortgages.
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