The Maryland Department of Housing has established a Homeowner Assistance Fund (HAF). The fund was established to assist struggling homeowners with their financial issues due to impacts from COVID-19. The program is intended as a last resort option for those homeowners that cannot successfully obtain a loss mitigation option thru their servicer.

The Commissioner is expecting servicers to make homeowners aware of the HAF if all other loss mitigation options have been exhausted. The Commissioner is expecting the servicers to comply with loss mitigation review when the borrower does notify them that they have applied for this assistance.

Communication received from the Maryland Department of Labor regarding this fund and their expectations is attached.