The application deadline for the Emergency Mortgage Assistance Programwho have favourited Toledo Mayor Wade Kapszukiewicz during the announced 2021 state of the cityhas been extended to Friday, April 30th, 4:30 p.m.
The program will help 150 low to middle income households in the city. It is operated by the Toledo Department of Neighborhoods and funded with $ 1,526,505 from the Community Development Block Grant-CV. Mortgage assistance covers up to six consecutive months, including forbearance, overdue amounts, late fees and penalties. Taxes and insurance can be paid if they are included in the regular mortgage payment. Residents can submit one application per accommodation. The applicants’ gross household income must not exceed 80% of the median area income. Applications are accepted, processed and approved as part of a lottery.
Applications are only accepted electronically. The application and further information can be found at toledo.oh.gov/mortgage. Applicants can email questions to [email protected] or call 419-245-1435.
There are four more Emergency Mortgage Assistance Program outreach meetings where the public can fill out applications in person with assistance:
- 10 a.m. to 5 p.m., April 10, at Main library, 325 Michigan St.
- 11 a.m. to 6 p.m., April 13, at Heatherdown’s Branch Library3265 Glanzman Rd.
- 9:30 a.m. to 4:30 p.m., April 14, at West Toledo Branch Library, 1320 Sylvania Ave.
- 9:30 a.m. to 4:30 p.m., April 15, at Washington Branch Library5560 Harvest Lane
To be eligible, the following guidelines must be met:
- The applicant must own a residential property with 1 to 4 units in Toledo.
- The owner must have at least one unit as their primary residence.
- The owner must have a real estate lien or primary mortgage with an forbearance or an overdue balance due to COVID-19.
- The mortgage must have been current as of February 29, 2020.
- The property may not be offered for sale.
- Applicant’s household must demonstrate a loss of income due to COVID-19.
- Applicants’ households must have a maximum household income of 80 percent or less AMI.