Maine Homeowner Assistance Fund
Update, August 30, 2021
The Bureau of Consumer Credit Protection is developing a program to disburse $50 million in assistance to low- to moderate-income and socially disadvantaged homeowners statewide, under guidance provided by the U.S. Department of the Treasury. It’s known as the Maine Homeowner Assistance Fund, or “Maine HAF.”
The Bureau reviewed and incorporated public comments on program design and outreach strategies, and submitted its final draft HAF plan to the US Treasury on August 20, 2021. The Bureau does not anticipate accepting applications from homeowners until at least December 2021.
In the meantime, the Bureau continues to work on:
- Establishing a portal for benefit applications, “back end” processing, and production of required reporting and accounting;
- Finalizing the application itself, which will permit income-eligible homeowners to request funds for overdue mortgage payments, utility payments and municipal tax payments, if defaults were attributable to the Covid pandemic;
- Coordinating with other states’ program directors regarding program development, implementation, and management;
- Working with Information Technology (IT) and project management professionals at the state to ensure that we meet the state’s requirements for contracts; and
- Continuing discussions with stakeholders, including representatives of Maine’s recent immigrant population and Maine’s tribal population.
If you are a homeowner who would benefit from free housing counseling, call the bureau’s Foreclosure Prevention Hotline at 1-888-664-2569.
Questions about the Homeowner Assistance Fund? Submit them here.
Click here to be placed on the interested parties mailing list for the Maine HAF .