subject: Michigan Launches Effort To Help Citizens Remain In And Move Into Lake Michigan Homes [print this page] Grand Havens Help for Hardest Homeowners Program is not only made to keep families in Lake Michigan homes, but additionally to assist first time house buyers with devising a simple yet effective plan for purchasing Lake Michigan property. This initiative is offering an overall total of $448M - supplied by Step Forward Michigan - to homeowners in hardship. Certified housing counselors from the Town of Grand Haven met with residents at the Loutit District Library in Grand Haven on June 13 to assist interested and qualified residents in distributing applications for rapid assistance.
Some of the assistance programs available include:
Mortgage Delinquency
Everyone who is behind on home loan payments might be eligible to receive up to $10K so that they are current on their own installments. Help of this caliber offers hope to inhabitants that they can be able to keep their Lake Michigan Homes.
Homeowners Drawing Unemployment
Citizens who rely on the support of unemployment benefits might be able to receive help for up to one year. Occupants who are approved for this program will likely be eligible to have half of the cost of their mortgage taken care of by the state in the course of a year.
Helpful information for Residents Interested in Purchasing Lake Michigan Real Estate
The City of Grand Haven is licensed by both MSHDA (Michigan State Housing Development Authority) and HUD (Housing and Urban Development) as a property counseling firm, and counselors are offering free home buyer training courses to help prepare inhabitants for home ownership. There are also education courses available on how to prevent foreclosures. These workshops are free and people enthusiastic about joining can sign up at www.loutitlibrary.org.
There are millions of residents in Michigan who're vulnerable to losing their house, and this program will be the very tool to assist this brilliant state in making it through a depression interval in which unemployment rates remain 4% more than the rest of the country. People require assistance now more than ever before, and the Help for Hardest Homeowners Program is helping to make sure that residents along the Great Lakes will never be pressured from their Lake Michigan homes due to monetary difficulty.
