Washington DC's Hardest Hit Program: HomeSaver

Washington, DC’s HomeSaver program offers assistance to homeowners so they can avoid foreclosure.

Washington, DC’s HomeSaver initiative, which is funded through the Hardest Hit Fund, has two programs to help eligible homeowners: mortgage assistance and a one-time payment to extinguish delinquent real property taxes. Read on to get an overview of the programs, learn how much assistance is available, and find out if you are eligible.

Hardest Hit Fund

In 2010, the U.S. Department of the Treasury created the Hardest Hit Fund to provide targeted aid to homeowners in those states most affected by the housing market crash. As part of this program, $7.6 billion in aid was allocated to the 18 states, along with Washington, DC, that experienced the most extreme home price declines and high unemployment rates as a result of the economic crisis. (Learn more about the Hardest Hit Fund.)

Washington, DC was awarded over $20 million in funds through the Hardest Hit Fund to help eligible homeowners. More funding was approved in 2016. To help homeowners, Washington, DC launched the HomeSaver initiative.

The HomeSaver Programs

HomeSaver offers the following programs:

Mortgage Assistance

  • For unemployed or underemployed homeowners, a one-time payment of up to six months worth of payments to bring a loan current. (You must be receiving unemployment benefits at the time you apply or have experienced an involuntary reduction of income of at least 25% to qualify.)
  • For unemployed or underemployed homeowners, up to 24 months worth of mortgage payments, up to $38,400. (You must be receiving unemployment benefits at the time you apply or have experienced an involuntary reduction of income of at least 25% to qualify.)
  • If you recently found a job, a one-time payment of up to $38,400 to get caught up on delinquent mortgage payments. (You must have received unemployment benefits within the last six months, as of the date you apply for assistance.)

Tax Lien Extinguishment

  • One-time assistance if you are at risk of foreclosure or a tax sale due to overdue property taxes. Up to $38,400 is available.

Each program has its own eligibility requirements. Go to www.homesaverdc.org to learn more.

How the HomeSaver Program Works

Assistance is provided in the form of a loan that is forgiven at 20% per year. In year six, the loan balance will be zero and the lien removed. You need to repay the loan only if you sell or refinance during the forgiveness period and there are sufficient equity proceeds available.

HomeSaver Program Exclusions

You are not eligible for the HomeSaver program if one of the below applies to you.

  • You filed bankruptcy and the bankruptcy is active. (If you previously filed bankruptcy and it was dismissed or you received a discharge, then you are eligible to apply for the program.)
  • Your mortgage balance is more than $729,750 (mortgage assistance program).

How to Apply for HomeSaver Program

To apply for HomeSaver assistance, go to www.homesaverdc.org and click on click “Start Now” to begin the application process. If you prefer to apply by telephone or in person, call 202-777-1690 for assistance.

For More Information

If you would like more information about applying to the HomeSaver program, go to www.homesaverdc.org/contact and fill out the contact form.


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