Own a Home? You Could Tap a “Secret Stimulus Check”
If you own a home or are in the process of paying off your mortgage, you can access an additional $10 billion program set aside for homeowners who fell behind on bills during the pandemic.
The three stimulus checks paid out so far – one in March 2020, one in December 2020, and one in March 2021 – have so far amounted to $3200 in direct cash relief to all American adults within certain income brackets.
However, the stimulus checks are far from the only financial relief that Americans can avail themselves of during the pandemic. The Biden administration has passed a raft of financial measures in the American Rescue Plan Act, the March legislation that provided for the third (and so far last) stimulus check. Many of these measures have been described elsewhere in detail, including the IRS’s “plus-up” payments and increases to the Child Income Tax Credit.
‘Secret’ stimulus check: What to know about Homeowners Assistance Fund for more relief Syracuse.com 3 days ago Geoff Herbert, syracuse.com
Most Americans have now received three stimulus checks to help out with financial struggles amid the coronavirus pandemic, but there’s a little-known way to get more relief if you’re a homeowner.
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The recent $1.9 trillion stimulus package, known as the American Rescue Plan, includes a “secret” stimulus check called the Homeowners Assistance Fund. According to Money Wise, nearly $10 billion has been set aside for direct financial assistance to help homeowners pay their mortgages, taxes, utilities, insurance and homeowners association dues.
By Dave Basner
When President
One of the lesser-known parts of the American Rescue Plan Act deals with mortgages. When crafting the bill, politicians knew one of the heaviest burdens for anyone hit hard financially by the pandemic would be keeping up with their mortgage payments, so they allotted $10 billion to help struggling homeowners out.
It s called the Homeowners Assistance Fund and is meant to assist eligible Americans with not just their mortgages but also taxes, insurance, utilities and even homeowners association dues. However, unlike the stimulus check, the government is not just going to mail recipients the money - this one you ll have to inquire about.