TOPEKA, Kan. (WIBW) – A program intended to help Kansas homeowners stay current on their mortgages during the COVID pandemic has been financially depleted and will soon close.
The Kansas Housing Resources Corporation announced Tuesday, Feb. 21, that the Kansas Homeowner Assitance Fund has dispersed nearly all of its funds and will soon close. He said the program is funded by the federal government and was a temporary emergency program meant to support homeowners who have been struggling due to the COVID-19 pandemic.
KHRC noted that KHAF was established with funds from the American Rescue Plan Act and has helped qualifying residents get current on their mortgage payments and avoid foreclosure. Since the program launched in April 2022, it said it has provided $42,599,772 to 3,797 homes.
Now, officials have indicated that the program has been pushed into the hold phase, the second of three closure phases. On January 30, Kansas citizens were encouraged to request assistance as soon as possible. The program has now received enough applications to exhaust all current funds.
KHRC said applications submitted during the final funding phase will still be reviewed and processed, subject to available funding.
Officials have noted that the last stage of the shutdown process is the closure phase. This is when all program funds are depleted and will allow the program to officially shut down and stop accepting new applications.
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