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Administration Announces Second Round of Assistance for Hardest Hit Housing Markets
Second HFA Hardest Hit Fund to Help Address Urgent Problems Facing Families in States with Concentrated Areas of Economic Distress
Today, building on the first Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (the “HFA Hardest Hit Fund”), the Administration announced an expansion of the initiative to target five additional states with high shares of their populations living in local areas of concentrated economic distress. This second HFA Hardest Hit Fund will include up to $600 million in funding for innovative measures to help families stay in their homes or otherwise avoid foreclosure in states that have been hit hard by concentrated economic distress.
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