The Sudbury Housing Trust is pleased to announce a mortgage relief program to Sudbury residents that have been impacted by the COVID-19 pandemic. The Mortgage Assistance Program is funded by federal ARPA funds to help residents maintain housing. If eligible, the Program will provide mortgage assistance in the form of a grant to be paid directly to lenders. This program offers up to $3,000 of assistance, in monthly payments payable to the holder of first mortgage, towards arrears of outstanding principal (since April 2020) or upcoming payment. Other housing costs (e.g., condo fees, escrowed insurance or taxes, home equity line of credit, or second mortgages, etc.) are not covered expenses.
Funding will be provided to owners who meet the eligibility requirements and complete the application process, including ALL ATTACHMENTS. Funding is available on a first-come, first- served basis until funds are exhausted.
Below is a link to the Mortgage Assistance Program news story with additional information regarding the program details and how to apply.