1-877-GET-HOPE

Sign Up

Already receiving HHF assistance? Click here for more information.

Applications are no longer being accepted for mortgage assistance from Indiana’s Hardest Hit Fund. The deadline to apply was May 3, 2021. Additional COVID-19 housing and utility resources can be found at: www.in.gov/ihcda/coronavirus.htm.

Homeowner Assistance Fund (HAF) FAQ (Last Updated 11/23/21)

Please note that all information contained below is subject to change and provided only as guidance for interested homeowners. The information below is not the IHCDA HAF policy nor should it be interpreted as an official statement of policy on behalf of IHCDA. Anything related to HAF remains subject to change and may be modified based on U.S. Treasury guidance or IHCDA policy prerogatives.

Is HAF funding currently available?

  • HAF funding is currently not available in the state of Indiana. IHCDA submitted its plan to Treasury on August 20th and is still awaiting approval. IHCDA continues to take steps to ensure it can begin accepting applications as soon as possible once Treasury approval is received.

Am I eligible to receive assistance?

  • If you were impacted by the COVID-19 pandemic and experienced a financial hardship on or after January 21, 2020,

  • If you own only one mortgaged home and it is your primary residence

  • If the property to be assisted is your primary residence,

  • If you have an income equal to or less than 150% of the Area Median Income adjusted for household size, or 100% of the National Median Income ($79,900), whichever is greater, and

  • If you live in Indiana.

Must I have been impacted by COVID-19 to be eligible?

  • You must have experienced a financial hardship related to COVID-19 that impacted you on or after January 21, 2020.

How do I apply?

  • Applications will be accepted online through the 877GetHope.org website. Accommodations can also be made for homeowners who would prefer non-electronic applications or who would prefer assistance in completing their online applications.

Can I apply using a smartphone?

  • Applicants will be able to apply using a computer or a smartphone.

What is the maximum amount of assistance I can receive?

  • The maximum amount of HAF assistance per household is $35,000.

How many times can I receive assistance?

  • Each household may only receive HAF assistance once. However, this does NOT preclude IHCDA from providing assistance under subsequently developed programs, but the sum total of assistance provided still cannot exceed $35,000.

How will the assistance be provided?

  • All assistance is structured as a forgivable loan, secured by a junior lien on the property. The loan has a term of 5 years. The first 20% of the loan will be forgiven 12 months after the loan closing. The remainder of the loan will be forgiven at a rate of 20% per year thereafter. If the property is sold before the loan is fully forgiven, all net sale proceeds, up to the full outstanding principal balance at the time of sale, will be due and payable to IHCDA.

  • All funds will be disbursed directly to the mortgage lender/servicer, county treasurer, local taxing authority, or condominium/homeowner’s association.

What areas of Indiana are eligible?

  • Residents of all 92 Indiana counties are eligible for assistance as long as they meet all other eligibility requirements.

What kind of assistance will be provided?

  • Monthly Assistance: For qualifying homeowners whose monthly mortgage payments are unaffordable based on their current household income, IHCDA may provide temporary monthly assistance to cover the homeowner’s first mortgage payment and related expenses.

  • Monthly Assistance with Reinstatement: For qualifying homeowners whose financial hardship caused, or contributed to, an accumulated mortgage delinquency (including lender forbearance) that they cannot pay, and whose mortgage payments or related expenses are unaffordable based on their current household income, IHCDA may provide assistance to bring the homeowner’s mortgage current, followed by temporary monthly assistance to cover the homeowner’s first mortgage payment or related expenses.

  • Reinstatement Only Assistance: For qualifying homeowners whose financial hardship caused, or contributed to, an accumulated mortgage delinquency (including lender forbearance) that they cannot pay, but whose monthly mortgage payment is otherwise affordable based on the homeowner’s current monthly household income (excluding unemployment insurance benefits), IHCDA may provide assistance to bring the homeowner’s mortgage or related expenses current.

How long can I receive monthly payment assistance?

  • IHCDA will make no more than six months of monthly mortgage payments directly to the lender under the monthly assistance program.

What is considered a “financial hardship”?

  • A “financial hardship” is a material reduction in income, medical hardship, or death associated with the coronavirus pandemic that has created or increased a risk of mortgage delinquency, mortgage default, or foreclosure for a homeowner.

What properties are eligible?

  • Single-family (attached or detached) properties

  • Condominium units

  • 1 to 4-unit properties where the homeowner is living in one of the units as their primary residence

  • Manufactured homes permanently affixed to real property and taxed as real estate

What documentation is required?

  • Completed HAF application

  • Third Party Authorization and Disclosure Form

  • Qualifying hardship attestation

  • Statement for first mortgage

  • Income documentation (W2s, paystubs, previous tax returns or alternative income documentation as applicable)

What is excluded from the program?

  • Open “line of credit” loans

  • Vacant, abandoned, or condemned properties

  • Properties for which the occupant is not the deeded owner (except properties held in non-incorporated living trusts)

  • Properties owned by Limited Partnerships, Limited Liability Partnerships, Limited Liability Companies, or other incorporated entities

  • Properties located outside the state of Indiana

Can HAF be used to cover Homeowner Association (HOA), Property Owners Association (POA), Condo Owners Association (COA), County Tax, and Homeowners Insurance (HOI) fees?

  • Yes. If these are escrowed, payment will be made directly to the lender or servicer. If non-escrowed, payment will be made either by ACH or in the form of a check made out to the non-escrowed entity. HAF will also pay all attorney fees, late fees, and property redemption fees associated with the bills to be paid.