TDHA ending Keep My TN Home program on August 31

TDHA ending Keep My TN Home program on August 31

ClarksvilleNow.com Reporting

NASHVILLE, Tenn. – The Tennessee Housing Development Agency (TDHA) will no longer be accepting applications for the Keep My Tennessee Home program as of August 31.

Funded by the U.S. Department of Treasury’s Hardest Hit Fund, the program has helped more than 7,000 families avoid foreclosure since January, according to a release from Rep. Joe Pitts.

The money awarded to Tennessee has now been almost fully committed, meaning that after the deadline, those applying for hardship eligibility criteria including loss of employment, underemployment, death of a spouse and divorce will no longer be able to receive funds. Money for individuals who have previously applied will be allocated by the end of August.

Certain cases will be eligible under a separate, related fund provided by the National Mortgage Settlement.

The THDA will maintain its website to utilize Settlement funds allocated by the Office of the Attorney General, including those of long-term medical disability and military hardship.

Homeowners may visit the Keep my TN Home website to obtain more information and answer pre-screening questions to determine possible eligibility.

Foreclosure prevention counselors will remain available to guide families through the process at no charge to Tennesseans. Counselors are prepared to research other possibilities for those facing foreclosure and to communicate with their lenders on the homeowners’ behalf. The list of counselors can be found on the website.

For questions, contact Rep. Pitts at 615-741-2043 or rep.joe.pitts@capitol.tn.gov.