Meskwaki Mortgage Assistance Program Needs Survey
What is HAF?
The Homeowner Assistance Fund (HAF), was established under the American Rescue Plan (ARP) Act of 2021. HAF was established to address financial hardships associated with the coronavirus pandemic by providing funds to eligible homeowners to prevent mortgage delinquencies, defaults, or foreclosures. HAF also helps prevent loss of utilities, loss of home energy services, or displacements of homeowners experiencing financial hardship after January 21, 2020.
Eligibility to receive HAF support is established by reviewing qualified expenses related to mortgages and housing. Mortgages include any credit transaction (or unpaid principal balance thereof) that is secured by a mortgage, deed of trust, or other security interest on a principal residence of the borrower (homeowner).
ARP requires the Department of the Treasury to make allocations to Tribes based on the same formulas used for allocation of the Emergency Rental Assistance Program established under the Consolidated Appropriations Act of 2021.
In order to participate in the Homeowner Assistance Fund, each Tribe must submit a notice of funds request to the Department of the Treasury. The deadline for a Tribe to submit a notice of funds request is September 30, 2021. The Tribe is using the survey results to determine whether it is in the best interest of the Tribe to accept funding and manage a new Mortgage Assistance Program, or to allow the State(s) to address mortgage assistance needs of the Meskwaki Community. HAF funds, whether accepted by the Meskwaki Tribe, must be made available to any certified Native American.