Moed urges congressional leaders to extend Hardest Hit Fund one year
INDIANAPOLIS – State Representative Justin Moed (D-Indianapolis) yesterday sent a letter to Senator Mike Braun, Senator Todd Young and Representative André Carson urging them to support the extension of the Indiana Housing and Community Development Authority's Hardest Hit Fund (HHF), currently set to expire at the end of the year.
The HHF provides assistance for eligible homeowners who have experienced an involuntary employment-related financial hardship using money from the U.S. Department of the Treasury. As of now, $20 million is left in Indiana's HHF and program participants have less than three months to apply, get approved and use the funds to secure their housing.
“There seems to be no predictable end to this public health crisis and ensuing economic challenges,” Moed said. “Because Hoosiers have had the benefit of stimulus checks, a moratorium on foreclosures and supplemental assistance programs, applications for the HHF have not spiked yet. However, the moratorium ended on August 14 and a potential wave is coming. By extending HHF for another year, Hoosiers across the state could be protected from losing their homes based on an arbitrary deadline.”