EHLP will provide emergency mortgage assistance to homeowners who are temporarily and involuntarily unemployed or underemployed due to the economy or a medical condition and are at risk of foreclosure. EHLP can provide eligible homeowners with a 0% interest, forgivable loan of up to $50,000 that pays past-due mortgage payments, as well as a portion of the homeowner’s mortgage payment for up to 24 months. Homeowners will receive counseling before and during the loan period.
130 total homeowners in Hawaii may be assisted under EHLP.
- HHFDC will provide counseling for 54 homeowners through 3 non-profit agencies. They are the Consumer Credit Counseling Service, Hawaii HomeOwnership Center, and Hale Mahaolu (Maui County only).
- 3 HUD approved intermediaries will provide counseling for 76 homeowners. They are the Homeownership Preservation Foundation, Money Management International Inc. and National Community Reinvestment Coalition.
How to Apply for EHLP
The U.S. Department of Housing and Urban Development anticipates a high amount of demand for the Emergency Homeowners’ Loan Program (EHLP). In order to ensure that program funds are made available in a fair and impartial manner, homeowners interested in applying must first complete a Pre-Applicant Screening Worksheet (see below). If there are more potentially eligible homeowners than there are funds available to assist them, these worksheets will be entered into a randomized selection process. EHLP counseling agencies will evaluate completed screening worksheets to make an initial, informal pre-determination of household eligibility. Homeowners whose completed worksheets meet this standard will be randomly selected, and these homeowners will be invited to apply for an EHLP loan in the order they are selected. Unfortunately, due to the limited amount of resources available through the EHLP, some qualified homeowners will not be selected to complete an application. Furthermore, some homeowners will complete an application but not will not ultimately be approved to receive assistance if their applications are incomplete or if they do not otherwise meet all of the program’s eligibility criteria.
Homeowners who are randomly selected will be called by their local EHLP housing counseling agency to schedule an appointment to complete the EHLP application packet. NOTE: There is no charge for this service. During the appointment, homeowners will be required to submit the specified documentation to support eligibility. It is very important for all homeowners to be familiar with all of the EHLP documentation requirements and have all specified documents prepared to submit at the time of their application appointment. Click on this link to review the document checklist.
The Pre-Applicant eligibility screening period will run from between June 20, 2011 through July 22, 2011. The homeowner application period will not begin until late July 2011. The Pre-Applicant screening procedures are described below, and include a link to a downloadable and printable screening worksheet. Click here for the contact information of the EHLP housing counseling agency serving your community, county or state.
Step 1. Complete the Screening Documents: Worksheet and Third-Party Authorization
Step 2. Submit both documents to an EHLP Agency
Note: Pre-applications are being accepted Monday, June 20, through Friday, July 22