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On August 11, 2010 the U. S. Treasury announced the State of Georgia’s inclusion in an expansion of
the “Hardest Hit Fund”. This fund provides mortgage payment assistance to unemployed borrowers in
states with sustained unemployment rates for the past 12 months. The Georgia Department of
Community Affairs, Georgia Housing Finance Agency will administer this program in Georgia.
ATTENTION HOMEOWNERS
We will not be accepting applications for this program until the development and
implementation of policies and procedures for distributing the assistance have been
completed.
The HHF plans for Georgia were approved by the Treasury on September 23, 2010. Other states
approved for HHF funds include Alabama, Arizona, California, Florida, Illinois, Indiana, Kentucky,
Michigan, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Oregon, Rhode Island, South
Carolina, Tennessee, and the District of Columbia.
http://www.dca.ga.gov/housing/homeownership/programs/hardesthitfund.asp 3/17/2011
DCA | Hardest Hit Fund Page 2 of 3
Loan funds may also be used to bring a past-due (no more than six months) first mortgage current. This
is referred to as a reinstatement. The number of past-due months in a reinstatement will count towards
the maximum 18 months of assistance.
There is no cost to participate in the Program; however, the borrower may be required to make partial
mortgage payments during the Program.
Please continue to visit the DCA website for updated information as it becomes available. If you need
help now, refer to #7 for information.
z Currently unemployed, or
z Currently substantially underemployed, or
z Currently able to make their mortgage payment, but got behind while
they were unemployed or underemployed; and
Additionally, the Applicant:
http://www.dca.ga.gov/housing/homeownership/programs/hardesthitfund.asp 3/17/2011
DCA | Hardest Hit Fund Page 3 of 3
Additional Requirements:
After speaking with your loan servicer, you may want to contact a local United States Department of
Housing & Urban Development (HUD) approved counselor. A counselor could help you determine if
you are eligible for a workout plan and assist you in negotiation with your loan servicer. A link to a list
of home buyer education agencies is found near the bottom of this page in the section titled Downloads
and Related Links.
The lender or the lender’s attorney must advertise the intended date of foreclosure for 30 days in a legal
publication in your county of residence. We recommend that you speak to a certified housing counselor
for answers to your specific questions and for assistance in avoiding foreclosure.
If you need help now, contact a home buyer education counselor. A link to a list of home buyer
education agencies is found near the bottom of this page in the section titled Downloads and Related
Links.
Please continue to visit the DCA website for updated HHF Program information as it becomes available.
Contact Information
For additional assistance contact Hardest Hit Fund (HHF).
Copyright © 2004-2011 The Georgia Department of Community Affairs. All Rights Reserved.
http://www.dca.ga.gov/housing/homeownership/programs/hardesthitfund.asp 3/17/2011