Apply via lottery system: Deadline is July 22, 2011

(Source: 28th District of Texas HUD) – The U.S. Department of Housing and Urban Development’s (HUD) Emergency Homeowners’ Loan Program announced assistance for homeowners in Texas who have experienced a substantial loss of income (a reduction of at least 15 percent) due to unemployment, underemployment or a medical condition that has caused people to fall behind on payments.

“As we continue efforts to rebuild our economy, we cannot forget those who have endured the hardest hit by the economic downturn,” Congressman Cuellar said. “This loan program will help families who have worked toward homeownership – the foundation of the American dream. I would like to thank Laredo-Webb Neighborhood Housing Services for helping spread the message to the community and urge all qualified homeowners to apply soon since the deadline is fast approaching.”

HUD anticipates a high demand for the loans and in order to ensure that program funds are made available in a fair and impartial manner, homeowners must first complete a pre-applicant screening. Approved homeowners will be placed in a lottery system, and those chosen will receive a one-time zero interest, forgivable bridge loan to pay certain arrearages. The loan will also assist in making monthly first lien mortgage payments. Assistance will last a maximum duration of 24 months, or up to a loan amount of $50,000 in mortgage payment assistance – whichever occurs first.

To apply, further information regarding eligibility and application submission can be found at or call (877) 417-8272. Information on the program in Spanish can be found at Applications will be accepted through July 22, 2011.

Daniella Martinez (956) 725-0639


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