On August 11, the Obama administration announced that Treasury will make available an additional US$2 billion of assistance under the Hardest Hit Fund for homeowners struggling to make mortgage payments due to unemployment. Treasury Release.
Hardest Hit Fund
Foreclosure Prevention Assistance
On August 4, the Obama Administration approved plans submitted by state housing finance agencies in North Carolina, Ohio, Oregon, Rhode Island, and South Carolina to access $600 million in foreclosure prevention assistance from the “Hardest Hit Fund“, which was established in February to provide aid in states most affected by the downturn of the housing market. Treasury Release.