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HUD MOVES QUICKLY TO MAKE $3 BILLION OF COVID-19 RELIEF FUNDING AVAILABLE TO COMMUNITIES ACROSS THE NATION

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DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information.

In addition to funding, mortgage servicers instructed to offer deferred or reduced mortgage payments for up to 6 months

WASHINGTON – President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law last Friday, providing much needed assistance to the American people as the country works diligently to combat COVID-19. Thanks to the President’s leadership, families and communities across the country will immediately feel the impact of this relief package as the federal government works to make these funds available.

After the President signed the CARES Act, Secretary Ben Carson directed the U.S. Department of Housing and Urban Development (HUD) to immediately begin allocating $3.064 billion to help America’s low-income families and most vulnerable citizens. These funds will be awarded quickly by using existing grant formulas; they will also be accompanied by new guidance that cuts red tape so grantees can quickly help their communities.

“President Trump has said repeatedly that combating coronavirus will take a whole-of-government response, so we are glad to see Congress come together and join in our efforts to provide relief for the American people,” said Secretary Carson. “During this national emergency, HUD has taken quick action to help our country’s most vulnerable citizens and this additional support from Congress will help us continue to fulfill that mission.”

HUD is making available $3.064 billion through its Community Development Block Grant, Emergency Solutions Grant, and Housing Opportunities for Persons With AIDS programs.

  • $2 Billion to Help States, Communities, and Non-profits:
    • Construct medical facilities for testing and treatment.
    • Acquire a motel or hotel building to expand capacity of hospitals to accommodate isolation of patients during recovery.
    • Replace HVAC systems to temporarily transform commercial buildings or closed school buildings into clinics or treatment centers.
    • Support businesses manufacturing medical supplies.
    • Construct a group living facility to centralize patients undergoing treatment.
    • Carry out job training of health care workers and technicians who are available to treat disease within a community.
    • These funds will be allocated under HUD’s Community Development Block Grant program. View specific state and grantee allocations here.
  • $1 Billion to Keep America’s Homeless Citizens Safe:
    • Build more emergency shelters for homeless individuals and families.
    • Operate emergency shelters by providing maintenance, rent, repair, security, fuel, equipment, insurance, utilities, food, furnishings, and supplies necessary for the operation.
    • Provide Hotel/Motel Vouchers for homeless families or individuals.
    • Provide essential services to people experiencing homelessness including childcare, education services, outreach, employment assistance, outpatient health services, legal services, mental health services, substance abuse treatment services, and transportation.
    • Prevent individuals from becoming homeless and rapidly rehouse homeless individuals.
    • These funds will be allocated under HUD’s Emergency Solutions Grants program. View specific state and grantee allocations here.
  • $63.7 Million to Help Americans with Compromised Immune Systems:
    • Increase the level of safe, stable housing for Persons Living with HIV/AIDS and their household members, by providing rental and utility assistance and other short-term lodging assistance to address isolation and self-quarantine needs.
    • Ensure access to HIV medical care and treatment, chemical dependency treatment, and mental health treatment.
    • Provide persons with compromised immune systems with nutritional services and assistance with daily living.
    • Assist in job training and placement assistance.
    • HUD will award these funds under HUD’s Housing Opportunities for Persons With AIDS (HOPWA) program. View specific state and grantee allocations here.
  • Cuts Red Tape to Allow for Targeting of COVID-19 Response:
    • The authority to provide housing assistance payments for rent, mortgage, utilities for up to 24 months.
    • The authority to use funds to self-isolate, quarantine, or provide other CDC-recommended infection control services for household members not living with HIV/AIDS.
    • The authority to use funds to provide relocation services (including lodging at hotels, motels, or other locations) for persons living with HIV/AIDS and household members not living with HIV/AIDS.

Additional funds will follow this first tranche. The CARES Act allows HUD to broaden the reach of its existing grant programs for the remaining $9.136 billion in relief funding to meet our country’s unique needs during this time. To do this, new grant formulas must be written. HUD began writing new formulas immediately and will continue to work quickly to address communities’ needs and ensure these funds go to people and do not get delayed by bureaucratic red tape.

FULL STORY CLICK HERE

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Michigan license number:   DM-0016282 Available to the public and licensed in Michigan.

Section 13(1)  When a licensee establishes a debt management plan for a debtor, the licensee may charge and receive an initial fee of $50.00

Section 13(2)  A licensee shall attempt to obtain consent to participate in a debt management plan from at least 51%, in number or dollar amount, of the debtor’s creditors within 90 days after establishing the debt management plan. If the required consent is not actually received by the licensee, the licensee shall provide notice to the debtor of the lack of required consent and the debtor may, at its option, close the account. If the debtor decides to close the account, any unexpended funds shall be returned to the debtor or disbursed as directed by the debtor.

Sec. 14. (1) A contract between a licensee and debtor shall include all of the following:

(a) Each creditor to which payments will be made and the amount owed each creditor. A licensee may rely on records of the debtor and other information available to it to determine the amount owed to a creditor.

(b) The total amount of the licensee’s charges.

(c) The beginning and termination dates of the contract.

(d) The principal amount and approximate interest charges of the debtor’s obligations to be paid under the debt management plan.

(e) The name and address of the licensee and of the debtor.

(f) Any other provisions or disclosures that the director determines are necessary for the protection of the debtor and the proper conduct of business by a licensee.

Sec. 18. (1) In addition to the fee described in section 13(1), a licensee may charge a reasonable fee for providing debt management services under a debt management plan. The fee under this subsection shall not exceed 15% of the amount of the debt to be liquidated during the express term of the plan.

(2) A licensee may offer a debtor the option to purchase credit reports or educational materials and products, and charge a fee to the debtor if the debtor elects to purchase any of those items from the licensee.  Fees charged under this subsection are not subject to the 15% limitation on fees described in subsection (1).

(3) Except for a cancellation described in subsection (4), in the event of cancellation of or default in the performance of the contract by the debtor before its successful completion, a licensee may collect $25.00 in addition to any fees and charges of the licensee previously received by the licensee. This $25.00 fee is not subject to the 15% limitation on fees and charges under subsection (1).

(4) A contract is in effect when it is signed by the licensee and the debtor and the debtor has made a payment of any amount to the licensee. The debtor has the right to cancel the contract until 12 midnight of the third business day after the first day the contract is in effect by delivering written notice of cancellation to the licensee. A cancellation described in this section is not subject to, and a licensee shall not collect, the fee described in subsection (3).

(5) If a debtor fails to make a payment of any amount to a licensee within 60 days after the date a payment is due under a contract, the licensee may, in its discretion, cancel the debt management contract if it determines that the plan is no longer suitable for the debtor, the debtor fails to affirmatively communicate to the licensee the debtor’s desire to continue the plan, or the creditors of the debtor refuse to continue accepting payments under the plan.

(6) A licensee shall not contract for, receive, or charge a debtor an amount greater than authorized by this act. A person that violates this subsection, except as the result of an inadvertent clerical or computer error, shall return to the debtor the amount of the payments received from or on behalf of the debtor and not distributed to creditors, and, as a penalty, an amount equal to the amount overcharged.

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Lansing, MI  48909-7720
877-999-6442

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