California expands ‘Hardest Hit’ eligibility for distressed homeowners | Inman News

 California has expanded the pool of borrowers who could qualify for three programs aimed at helping families at risk of losing their homes, by making those who tapped their home equity or who took out loans after Jan. 1, 2009 eligible for assistance.

The California Housing Finance Agency (CalHFA) is administering nearly $2 billion in federal “Hardest Hit” funds, a $4.1 billion program targetted at states with high foreclosure rates or unemployement.

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