🔑 Key Points
- California has launched a $105 million CalAssist Mortgage Fund, exclusively supporting homeowners affected by disasters .
- Grants are up to $20,000, covering up to three months of mortgage payments—disbursed directly to mortgage servicers and do not require repayment .
- Open to owners of single-family, condo, manufactured homes, or properties with up to four units with active (reverse) mortgages, not in foreclosure .
- Eligible if property was destroyed or rendered unlivable due to declared disasters (wildfires, floods, storms) from January 2023 to January 2025, including Eaton, Palisades, and winter‑storm damage .
- Applications open June 12, 2025, on a first‑come, first‑served basis; estimated to assist ~8,750 households based on average payments .
- Administered by California Housing Finance Agency (CalHFA); additionally, $25 million allocated for housing counseling to help applicants .
California is launching a $105 million CalAssist Mortgage Fund beginning June 12, 2025, to provide critical mortgage relief for homeowners hit by recent disasters. Eligible applicants—owners of single-family homes, condos, manufactured homes, or small multi-unit properties—can receive grants of up to $20,000, covering three months of mortgage payments. These one-time, non-repayable grants are paid directly to lenders, easing financial burdens as families rebuild.
Home damage must have occurred in a declared disaster between January 2023 and January 2025 (including wildfires like Eaton and Palisades, winter storms, and Tropical Storm Hillary). Applicants must have an active mortgage, not be in foreclosure, and meet income limits. Funds are limited, and applications will be processed on a first‑come, first‑served basis.
Administered by the California Housing Finance Agency (CalHFA), this initiative also includes $25 million for housing counseling to guide applicants through the process. Homeowners can apply online or contact CalAssist for support—get ready when the portal opens June 12!
