California’s $105 million mortgage assistance fund opens today, offering vital support to disaster victims, including those affected by the Los Angeles County wildfires and other recent calamities. The program, managed by the California Housing Finance Agency (CalHFA), provides grants of up to $20,000 to help cover mortgage payments for up to three months.
The initiative targets residents whose homes were destroyed or rendered uninhabitable by disasters that received state or federal emergency declarations since January 2023.
This includes victims of the 2023 winter storms, Tropical Storm Hillary, and five other California wildfires. According to the Orange County Register, Rebecca Franklin, CalHFA’s chief deputy director, emphasized that the grants are non-repayable, stating, “You don’t have to pay this money back. It’s a grant.”…