The Commonwealth of Virginia was awarded $250 million in COVID-19 relief funds from the U.S. Treasury to support homeowners facing housing instability resulting from the pandemic. Virginia Housing’s Virginia Mortgage Relief Program, or VMRP, is using these funds to provide assistance to homeowners experiencing delinquency due to a financial hardship as a result of the COVID-19 pandemic to help address mortgage and/or other qualified home ownership-related delinquencies to avoid default, foreclosure, or displacement.
As of January 10, 2023, eligible homeowners may now receive up to $50,000 in funds to cure their mortgage or other eligible homeownership-related delinquency. Additionally, the delinquency start date requirement has been adjusted so that homeowners with a delinquency related to a COVID-19 pandemic hardship experienced after January 21, 2020 are now eligible for VMRP assistance.
To apply or learn more about VMRP, go to www.VirginiaMortgageRelief.com.