TOPEKA (KSNT) — A federally funded program supporting Kansas homeowners is expected to close soon.
Kansas Housing Resources Corporation (KHRC) spokeswoman Emily Sharp reports that the Kansas Homeowner Assistance Fund (KHAF) is low on funds. The program is now in its final funding stage, leaving only a small window of time for homeowners in need of help to apply.
“The economic impact of the pandemic continues to be felt by families and communities across the state,” said Ryan Vincent, executive director of the Kansas Housing Resources Corporation, which administers the KHAF program. “This assistance has provided stable housing and preserved the dream of home ownership for more than 3,000 needy Kansas families.”
The KHAF was established through funds provided by the American Rescue Plan Act (ARPA) to assist qualified homeowners in Kansas avoid foreclosure, according to Sharp. Eligible homeowners past due for at least 30 days on mortgage and/or real estate taxes may receive financial aid for mortgages, utility bills, real estate taxes and other charges associated with the delinquency. KHAF has distributed $39,886,389 to 3,549 families in Kansas since the program launched in April 2022, according to Sharp.
The closure process of KHAF will consist of three phases:
- Final Funding Stage: Homeowners seeking KHAF support should apply as soon as possible to be considered for final funding.
- Suspension Phase: Once the program receives enough applications to fully spend all KHAF funds, approval of new applications and recertifications will be subject to the availability of remaining funds. Applications submitted during the pending phase will be suspended and will not be reviewed or processed unless sufficient funds are available for the program.
- Shutdown Phase: When all program funds are depleted, the program will shut down and stop accepting new applications.
Sharp reports that the KHAF is in the final funding stage. The time spent in each phase is subject to factors such as the volume of questions and the amount of assistance required. Each program closure phase will be announced online here.
If you have any other questions, you can call 855-307-5423. To apply, click here.
Earlier this year, the KHRC also announced a new program to assist homeowners called the Home Loan Guarantee for Rural Kansans. You can find out more about this program by clicking here.