"Expanding access to safe, affordable housing has been and will continue to be a top priority of my administration, during the COVID-19 pandemic and beyond," said Northam, according to NBC12. "The Virginia Rent and Mortgage Relief Program will help Virginians experiencing financial instability as a result of this unprecedented health crisis by preventing evictions and foreclosures and keeping Virginia families safely in their homes as we battle this virus."
Some folks are wondering if $50 million will be enough. "One of the things with a severely underfunded program is you're probably going to have to make distinctions on who can actually access that money or you're just going to run out of it quickly; which means people are not going to be able to get it later in the stage," said Louisa Rich, an attorney with Legal Aid Justice Center.
In order to obtain access to the fund, eligible families must show they were unable to make payments due to the pandemic. The report revealed that monthly rend or mortgage must be at or below the 150% Fair Market Rent and gross household income needs to be at or below 80% of the area median income.
Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says
Insurance is at the top of mind for homebuyers and homeowners in Florida and California, which have become epicenters of the nationwide housing insurance crisis.
Rising homeowners insurance premiums and changes in coverage are so commonplace now that nearly three-quarter...
The California Association of Realtors reports that the median home price rose 7.7% year-over-year.
After just last month announcing the resiliency of California home sales in February despite rising interest rates, figures released today by the California Association of Realtors (CAR) show sales volume in the state slipped in March as median home prices hit a seven-month ...