The State of Vermont received money through the Federal CARES Act to help people pay back mortgage payments they have missed due to COVID-19. Vermont Housing Finance Agency (VHFA) is accepting applications starting May 3, 2021.

What are the eligibility requirements?

• Homeowners living in Vermont as their primary residence
• Mortgage entered before March 1, 2020 (home-equity loans and reverse mortgage are NOT eligible)
• Missed payments since March 1, 2020 due to a COVID-19 hardship
• Income for all borrowers up to $84,000 in 2020 or up to $21,000 total income in the last 90 days. For homeowners in Chittenden County this limit is $96,000 in 2020 or $24,000 in the last 90 days.
• Eligible even if the mortgage is already in forbearance or deferment
• This is a mortgage foreclosure prevention program so only those households with mortgages are eligible to receive assistance with property taxes.