Welcome. We're here to help you stay in your home!
The District of Columbia Housing Finance Agency (DCHFA) has developed an effective and comprehensive program that administers the U.S. Treasury Hardest Hit Funds and assists as many unemployed District homeowners as possible. As of January 28, 2013 the program is open to the underemployed as well. DCHFA's HomeSaver, a foreclosure prevention program, will assist an estimated 900 homeowners who have experienced involuntary job loss or a decrease in employment income.
The HomeSaver Program will assist qualified District homeowners who are at risk of foreclosure by maintaining their monthly mortgage payments and thus, allowing them to remain in their homes.
The HomeSaver Program will consist of three components, Lifeline, Mortgage Assistance and Restore and each is designed to maximize assistance to qualified homeowners. The HomeSaver Program is open to all eligible District homeowners.
- HomeSaver is for D.C. homeowners who use their home as their primary residence and their name must be on the deed of trust
- Applicants must be unemployed, or have received Unemployment Insurance within six months of their application date or have experienced a 25 percent decline in employment income
- Must not have received a notice of foreclosure sale or be in active bankruptcy
- Mortgage balance must not exceed $729,750
- Income must not exceed $128,760
- Co-Op units are not eligible