HUD Announces Foreclosure Moratorium, Housing Assistance and More For Flood Victims

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April 25, 2024

Photo: Flood damage, California, 2015 by John Shea, Wikimedia Commons

March 31, 2024 —The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of California to assist supplement state, tribal and local recovery efforts in areas affected by a severe storm and flooding from January 21 to January 23, 2024. President Biden issued a major disaster declaration to affected individuals in San Diego County.

Effective immediately, HUD is:

Providing a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA) as well as foreclosures of mortgages to Native American borrowers guaranteed under the Section 184 Indian Home Loan Guarantee program. There is also a 90-dayextension granted automatically for Home Equity Conversion Mortgages. The moratorium and extension are effective as of the President’s disaster declaration date. Homeowners affected by the disaster should contact their mortgage or loan servicer immediately for assistance. Conventional mortgage holders may also be eligible for additional relief through their mortgage holder. Call the FHA Resource Center at 1-800-304-9320 for additional information. To learn more about disaster relief options for FHA homeowners visit the FHA Disaster Relief site.