Receive alerts from your local agencies
...or text your ZIP CODE to 888777 for mobile alerts

Full Notification

City of Athens, TN
Friday January 21st, 2011 :: 12:09 p.m. EST

Community

Check your home mortgage foreclosure help qualifications at www.keepmyTNhome.org

THE CITY OF ATHENS
PRESS RELEASE
COMMUNITY DEVELOPMENT DEPARTMENT

RELEASE DATE: IMMEDIATELY

On January 18, 2011 the Community Development Department ran a press release about the new Federal program “Hardest Hit Fund” that is designed to help households facing foreclosure as a result of a loss or reduction of income. Because McMinn County is considered a distressed county, it is one of the 29 Pilot Program Counties that can receive assistance after January 4, 2011. Below are the qualifications you have to meet to obtain assistance in this program
• Be unemployed or underemployed (a 50% reduction of income) through no fault of their own (not terminated for cause). The event or incident which results in unemployment or substantial underemployment must have occurred after Jan. 1, 2008.
• Have a mortgage for a single-family home or condominium (attached or detached) in Tennessee that they occupy as their primary residence. This includes manufactured homes on foundations permanently affixed to real estate that they own.
• Have a history of timely mortgage payments prior to the job loss/reduction of income, or no more than two 30- day late payments in the 12 months prior to the job loss/reduction of income. The combined amount of your mortgage principal, interest, taxes and insurance must be greater than 31% of your household income after the job loss/reduction of income.
• Not have more than six months' reserves of liquid assets, that is, liquid assets equal to six months of their mortgage principal, interest, taxes and insurance.
• Have a household income less than $74,980.
• Have a total unpaid principal balance not exceeding $226,100.
Homeowners in distressed counties are eligible to apply for this program as of Jan. 4, 2011. Homeowners in all Tennessee counties will be eligible to apply for this program as of March 1. Homeowners with THDA loans are eligible to apply as of Jan. 4, regardless of county.
If anyone has additional questions you can contact Anthony Casteel, Community Development Director at 423-744-2750 or via email at acasteel@cityofathenstn.com. Or go directly to the source by contacting Bill ClenDening at Tennessee Housing Development Agency (THDA), phone 615-81 5 -2099, or email him at BClenDening@thda.org.


Check your home mortgage foreclosure help qualifications at www.keepmyTNhome.org

Address/Location
City of Athens, TN
815 N Jackson St
Athens, TN 37303

Contact
Emergency: 9-1-1
Non-emergencies: 423-744-2702

Community Development
Community Development
comdev@cityofathenstn.com
423-744-2753

Navigate & Discover