WAMU 88.5 : News

Filed Under:

Va.'s Emergency Loan Program Deadline Is July 22

Play associated audio

Through a federal lottery, a portion of a homeowner's monthly bill can be paid for up to two years or $50,000 -- whichever comes first.

"The mortgage assistance is offered to individuals that are three months behind with their mortgage, they have to be unemployed or underemployed due to the economy or medical condition," says Kelly Gill-Gordon, who works with the Virginia Housing Development Authority.

Additional criteria must also be met, and not all who qualify will receive assistance. Those that do receive it will still have to contribute to mortgage payments.

"Homeowners would contribute 31 percent of their current monthly income or $150, whichever is greater," adds Gill-Gordon.

The selection process will be quick. Applications are due July 22, and housing officials will hope to have appointments scheduled by the middle of September.

"When the lottery information comes back, housing counseling agencies will immediately be setting up appointments, probably through the 15th of September," she says.

Recipients must stay current with their normal mortgage payments once the loan expires, and the loan is forgivable for those who do so for five years after the program begins.

NPR

Bonjour, Barbie! An American Icon Packs Her Heels And Heads To France

Some 700 Barbie dolls are visiting Paris this summer. They span almost six decades of pretty, plastic history, including Malibu Barbie, astronaut Barbie, and, of course, Royal Canadian Mountie Barbie.
NPR

He Used To Live On The Streets Of Mumbai. Now, His Cafe Welcomes Everyone

Amin Sheikh's new cafe is a rarity in class-stratified India: It's open to people from all walks of life. Sheikh is a former street child, and so are many of his employees.
NPR

'Saving Lives' Or 'Selling Access'? Explaining The Clinton Foundation

Donald Trump has centered on a key attack against Hillary Clinton: He says the Clinton Foundation was a pay-to-play front that enabled Hillary and Bill Clinton to trade government access for money.
WAMU 88.5

A Cyber-Psychologist Explains How Human Behavior Changes Online

Dr. Mary Aiken, a pioneering cyber-psychologist, work inspired the CBS television series "CSI: Cyber". She explains how going online changes our behavior in small and dramatic ways, and what that means for how we think about our relationship with technology.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.