The Home Rescue program will assist homeowners struggling to pay their mortgage in two ways – through monthly mortgage payments (up to 12 payments with a maximum benefit of $20,000), and a reinstatement payment to bring mortgages current (up to $15,000).
Homeowners interested in the program can apply online by visiting www.OregonHomeownerHelp.org. The website features an eligibility questionnaire and instructional video to help people learn more about the program and guide them through the application process. (Go to the Programs Tab and click on Home Rescue Program)
To qualify, applicants must be able to demonstrate at least a 10% reduction in projected 2016 income compared to any tax year between 2009 and 2015. Additional information about eligibility requirements and the program can be found at www.OregonHomeownerHelp.org. Every two weeks the program opens a limited number of application slots that remain open until filled. The program opens new opportunities to apply every two weeks. At noon until all program funds have been exhausted. This program aims to provide assistance to 3,500 homeowners across the state. Funding for Home Rescue is provided by the US Treasury’s “Hardest Hit Fund”, which allocated $220 million to Oregon in 2010 and an additional $94.5 million in 2016 to administer foreclosure prevention programs.
OHSI customer service can be reached via email at Homeowner.Help@oregon.gov or by phone at 503-986-2025.
For local assistance please contact us at:
Columbia County: Sally 503-366-6544 (email@example.com)