New Resource for Arkansas homeowners who are behind on mortgage

A new resource is being made available to Arkansans who found themselves falling behind on their mortgage and utility payments during the COVID-19 pandemic.

The Arkansas Development Finance Authority (ADFA) announced it is now making available $54 million to homeowners who were impacted by COVID-19.

Called the Arkansas Homeowner Assistance Fund, or HAF, the federally-funded program seeks to help Arkansas residents who are behind on their mortgages, electricity, gas and/or internet payments.

Tim Wooldridge, a former state senator who now heads the new program, said it’s vital for Arkansans who qualify to take advantage of this federally-funded help.

Wooldridge said there are some income requirements associated with the program. However, they are relaxed enough to include the vast majority of homeowners in the state.

Homeowners must have a total annual household income of less than 150% of the area median income of their county. The maximum total annual household income for a family of four ranges from $81,150 to $112,350, depending upon the county in which they live. To determine eligibility for a specific county, go to arkansashaf.com/qualify

Wooldridge said funds for qualified recipients will be provided directly to mortgage companies, internet companies, and utility providers.

Eligible homeowners are encouraged to apply through the online portal at apply.arkansashaf.com or contact the call center at 888-698-0964. Call center hours are 8 a.m. to 5 p.m. Monday through Friday and 9 a.m. to 1 p.m. Saturday.

Applicants will need a valid ID, proof of home-ownership, income documentation and documents showing mortgage delinquency.