Dallas To Offer Money For Homeowners, Renters And Small Businesses

May 04, 2020

Director of Events

Dallas, Texas will be accepting applications beginning today, for $13.7 million in mortgage and rental assistance for those who are facing eviction or foreclosure due to the COVID-19 pandemic.

"The money comes from grants and the CARES Act—The Coronavirus relief package passed by Congress. The funds are meant to help people who have lost their jobs or income during the pandemic," according to NBC DFW.

"The impact on individuals, whether they are renters, mortgage holders, small business owners are taking a big hit. You can’t have economic recovery without housing stability," said Dr. Eric Anthony Johnson, the chief of Economic Development and Neighborhood Services for the city of Dallas.

Folks can access the online application portal right now. The city has also provided a phone number (469-749-6500) for folks who are unable to access the web portal. Calls are able to be accepted between 9:00 a.m. and 5:00 p.m. Monday through Friday, though, the city is warning that there may be long hold times or busy signals.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

Link copied

Published

May 04, 2020

Non-QM

A&D Mortgage Launches Exclusive AUS For Non-QM Loans

Addressing broker needs by simplifying the underwriting process for Non-QM loans

A&D Mortgage has announced the launch of its automated underwriting system (AUS) for Non-QM loan products, aiming to improve the efficiency and accuracy of the loan origination process for brokers and lenders. The introduction of this Non-QM AUS reportedly enhances A&...

Analysis and Data

First-Time Buyers Ready To Sign The Dotted Line

TD Bank's survey reveals more first-time buyers seek new construction as housing shortage persists.

Despite limited inventory, first-time homebuyers remain optimistic and committed to entering the market, according to TD Bank’s annual First-Time Homebuyer Pulse survey. The survey revealed that 74% of respondents are optimistic about the housing market, buoyed by a recent d...