The Landlord must also complete a Landlord/Property Certification (Certification). The Certification contains a detailed list of housing quality standards. The landlord must certify that the rental unit meets the housing quality standards outlined in the Certification.Lenders or borrowers may apply for up to $1,000.00 per month, per mortgage, in relief. If the mortgage payment is in excess of $1,000.00, per month, per mortgage, Lenders accepting a payment under the Program must agree to release the borrower from any past due or future mortgage payment for which PAMP assistance is provided. The Lender may not apply the PAMP funds to any late charges, legal fees, property inspections or any other fees owed by the borrowers before, during or after the PAMP assistance payment timeframe. PAMP payments also cannot be applied to mortgage loans subject to an active forbearance agreement. The funds may only be applied by the lender towards the monthly amortized mortgage payment.This article will discuss the application process and eligibility requirements under each program.Attorneys in Pittsburgh, Harrisburg, New York CityThe Pandemic Mortgage Assistance Program permits owner-occupied mortgage borrowers or lenders on behalf of borrowers, to apply for a grant to cover up to six (6) mortgage payments, subject to some restrictions. The PHFA has 25 million dollars in funds to distribute under the program.To be eligible under PMAP, the borrower must reside in an owner-occupied one or two unit dwelling, located in the Commonwealth of Pennsylvania. The property must be encumbered by a mortgage or other security interest, such as a land sales contract. The annual household income may not exceed the Area Median Income for the county where the property is located. Act 24 establishes two programs, the Pandemic Mortgage Assistance Program (“PMAP”) to assist residential mortgage lenders and borrowers and the Cares Rent Relief Program (CARES RRP). Both programs offer grants to eligible parties to cover missed mortgage or rent payments resulting from unemployment after March 1, 2020 or a 30% or more reduction of household income due to reduced work hours or wages as a result of COVID-19. The Pennsylvania Housing Agency (“PHFA”) is overseeing both programs. If the application is granted, the PHFA will remit either the payment or payments directly to the lender. Assistance is capped at $1,000.00 per month for a maximum period of 6 months, per mortgage, for mortgages in first or second lien position. Lenders or mortgagees may apply on behalf of a borrower for assistance under the Program. The lender is required to provide authorization from the homeowner as part of the application process.To be eligible under CRRP, the lessee must demonstrate that he or she became unemployed after March 1, 2020 or is experiencing at least a 30% reduction in annual income related to COVID-19. The lessee must be a minimum 30 days past due on his or her rent. The lessee must provide proof of the lease agreement (whether written or oral). The annual household income may not exceed the upper limit of the median income under the U.S. Department of Housing and Urban Development for the county where the property is located. Landlords must carefully review the Landlord Application and Certification to insure the accuracy and veracity of the statements made therein. The PHFA has made it clear that they intend to enforce criminal penalties in the event false written statements are furnished in the application process.Pennsylvanians facing foreclosure or eviction may apply for assistance under the newly enacted Act 24 of 2020. The toll-free number is 1-855-U-Are-Home (827-3466). The Federal Coronavirus Aid, Relief and Economic Security (CARES) Act, passed in March, provided $3.9 billion for Pennsylvania and is intended to help people hurt economically during the pandemic.
The CARES (Coronavirus Aid, Relief, and Economic Security) Act will distribute up to $1,200 to individuals, $2,400 to married couples and $500 per child.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 trillion package of measures introduced in March 2020 in response to the COVID-19 pandemic.
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