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Nevada’s Hardest Hit Funds
“Helping Nevada’s Hardest-Hit Homeowners”
With one of the highest foreclosure rates in the nation, Nevada was selected to be one of the original beneficiaries of the U.S. Treasury’s “Hardest Hit Fund” program. The State of Nevada was awarded over $150 million in funds available to qualified recipients through a series of federal grants to help Nevada homeowners.
The U.S. Treasury has approved the nonprofit Nevada Affordable Housing Assistance Corporation (NAHAC) to oversee the State of Nevada’s Hardest Hit Funds Program. This organization serves to support the Nevada Housing Division (NHD), Nevada’s Housing Finance Agency. NAHAC has designed and is executing a plan for the distribution of these funds, approved by the U.S. Treasury. Nevada’s Hardest Hit Funds provides four programs to assist eligible Nevada homeowners who are at high risk of default or foreclosure.
Programs offered through Nevada’s Hardest Hit Fund:
- Mortgage Assistance Program
- Principal Reduction Program
- Short Sale Acceleration Program
- Second Lien Relief Program
NOTE: These programs are only available to homeowners whose mortgage servicing company agrees to the terms and conditions governing the use of these funds. If your servicer is not currently participating in Nevada’s Hardest Hit Funds, you may want to call them and encourage them to do so. A homeowner cannot receive assistance if their servicer has not signed an agreement with NAHAC. See a list of participating Servicers and which programs they are currently offering.