Three new programs aim to assist Oregon families who have encountered a financial hardship that resulted in a delinquent mortgage, property tax, or reverse mortgage account, putting their property at risk of foreclosure. The purpose of the Loan Preservation Program’s three benefits is to help homeowners who have recovered from a financial hardship to preserve, maintain and sustain their existing home and eliminate the risk of foreclosure. The program will provide up to $40,000 in assistance to households that can sustain their payments in the future, but need assistance to bring their delinquent account current.
OHSI is administered by the Oregon Department of Housing and Community Services, and is funded by the US Department of Treasury's Hardest Hit Funds. Learn more about the Hardest Hit Fund here.