Massachusetts has allocated $20 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to help homeowners who've been economically impacted by the COVID-19 national emergency. With its CARES Act money, Massachusetts created the Emergency Rental and Mortgage Assistance (ERMA) Program. This program offers financial assistance to homeowners who've suffered a financial hardship due to the coronavirus pandemic and state of emergency.
The ERMA program provides mortgage assistance to low-income households in Massachusetts that have been impacted by the crisis and might not be eligible for the state's traditional or COVID-19 Residential Assistance for Families in Transition (RAFT) program, which helps families avoid becoming homeless. Eligible homeowners can get up to $4,000 per household to pay off mortgage arrears accrued after April 1, 2020, or to cover upcoming mortgage payments.
To qualify for mortgage relief from the ERMA program, your total gross household income must be within the 50-80% range of Area Median Income (AMI).
If you think you might qualify for mortgage assistance from the ERMA program, contact one of the agencies that administer the program, including:
To learn more about the program, go to the State of Massachusetts COVID-19 website. You can also contact one of the housing authorities listed above.
Effective date: July 1, 2020