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This document is a Request for Proposals (RFP) issued by the Indiana Housing and Community Development Authority for qualified entities to provide escrow services for the Indiana Hardest-Hit Fund
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How to fill out Indiana Hardest Hit Fund Request for Proposals

01
Visit the Indiana Hardest Hit Fund website.
02
Download the Request for Proposals (RFP) document.
03
Review the RFP guidelines and eligibility requirements carefully.
04
Prepare a project summary outlining the purpose and objectives.
05
Provide detailed information on the target population and area.
06
Outline the proposed budget, including all funding sources.
07
Include evidence of organizational capacity and experience.
08
Gather necessary supporting documents (e.g., letters of support).
09
Complete the application form as specified in the RFP.
10
Submit the proposal before the deadline, ensuring all documents are included.

Who needs Indiana Hardest Hit Fund Request for Proposals?

01
Non-profit organizations providing housing assistance.
02
Local governments seeking to address housing stability issues.
03
Community organizations focused on aiding low-income residents.
04
Housing counseling agencies serving at-risk homeowners.
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People Also Ask about

Will homeowners need to pay the money back? No, all assistance is structured as a forgivable loan if the homeowner stays in the home for five (5) years (20% of the loan will be forgiven every 12 months).
FHA Home Affordable Modification Program (HAMP): All FHA-HAMP Options are temporarily suspended through April 30, 2025, except for non-borrowers who acquired title through an exempted transfer. All other borrowers must be evaluated for the COVID-19 Recovery Home Retention Options.
Does Congress have a mortgage stimulus program? Although there's no current mortgage stimulus from Congress, there is federal help available for homeowners. In March 2021, the American Rescue Plan designated $10 billion to help struggling homeowners.
The Hardest Hit Fund (HHF), created in 2010, is one of several temporary programs that were established to help prevent home mortgage foreclosures in the wake of housing and mortgage market turmoil that began around 2007-2008.
MHA helped over 1.8 million families obtain mortgage relief and avoid foreclosure. MHA expired in December 2016.
IHAF was created by the American Rescue Plan Act (ARPA) and is being funded by the United States Department of the Treasury.
All assistance provided through the Hardest Hit Fund ended as of March 31, 2022, and the program is now closed. Treasury anticipates that the MHA program will completely wind down by the end of 2023 or early 2024.

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The Indiana Hardest Hit Fund Request for Proposals is a program designed to solicit proposals from organizations that aim to provide assistance to homeowners facing financial challenges due to the economic impact of the COVID-19 pandemic.
Organizations, including non-profits and local governments, that intend to implement programs to assist homeowners and mitigate the impact of foreclosure and housing instability are required to file.
To fill out the Indiana Hardest Hit Fund Request for Proposals, organizations must complete the application form, provide detailed project descriptions, include budget justifications, and ensure compliance with program eligibility criteria outlined in the application instructions.
The purpose of the Indiana Hardest Hit Fund Request for Proposals is to allocate funding to organizations that can effectively support homeowners in avoiding foreclosure and maintaining housing stability during economic hardships.
The information that must be reported includes project goals, target demographics, funding requirements, anticipated outcomes, and mechanisms for tracking and reporting the effectiveness of programs funded by the grant.
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