HUD Emergency Homeowners' Loan Program (EHLP)
The Dodd-Frank Wall Street Reform and Consumer Protection Act provided $1 billion to HUD to implement the Emergency Homeowners' Loan Program (EHLP).
The EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a drop in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. Other EHLP eligibility requirements include:
EHLP funds will be used to assist borrowers in Puerto Rico and the 32 states not funded through theTreasury's Innovation Fund for Hardest Hit Housing Market program.
Additional program information is available on the following web pages: