The Economic Justice Initiative, known as the EJI, is a statewide project of Legal Aid of North Carolina that strives to keep working poor and working families in possession of their homes and home equity.
By providing high-quality legal representation in foreclosure actions, the EJI saves homes, preserves credit ratings and strives to make prohibitive the cost of conducting business for unscrupulous brokers and lenders. The EJI also provides community education to increase awareness of home-finance best practices and the dangers of predatory lending.
The EJI collaborates with six other legal services organizations to form the Home Defense Project (HDP). The HDP saves homes and reduces foreclosures in North Carolina by securing loan modifications for borrowers and providing high-quality foreclosure-defense work in every county in the state. The HDP is funded in part by the Z. Smith Reynolds Foundation. The six other members of the HDP are:
- Financial Protection Law Center
- Land Loss Prevention Project
- Charlotte Center for Legal Advocacy
- North Carolina Housing Coalition
- North Carolina Justice Center
- Pisgah Legal Services
RALEIGH — The NC Homeowner Assistance Fund is now accepting applications from North Carolina homeowners whose finances were impacted by the pandemic and who need assistance with housing-related expenses. Established through the 2021 American Rescue Plan to prevent mortgage delinquencies, defaults, displacements and foreclosures for homeowners experiencing financial difficulties due to the coronavirus pandemic, the fund offers assistance of up to $40,000 for qualified homeowners as long as funding is available.
“The economic impact of COVID-19 has been felt by many North Carolinians,” said Scott Farmer, executive director of the North Carolina Housing Finance Agency, which is administering the NC Homeowner Assistance Fund. “This program is designed to help homeowners who are experiencing pandemic-related financial hardships hold on to their homes while they get back on their feet. Ensuring that families have stable housing has always been our mission and that has become even more critical during this ongoing public health crisis.”
For qualified homeowners, the fund offers:
- Housing payment assistance for primary residence in North Carolina (for example, single-family home, townhome, condo or mobile home).
- Assistance for mortgage reinstatement to catch up on late payments (first or second mortgages) or other housing-related costs due to a period of forbearance, delinquency or default.
- Assistance covering other housing-related costs such as homeowner’s insurance, flood insurance, mortgage insurance, homeowner’s association dues/fees or delinquent property taxes to prevent foreclosure.
Homeowners may be eligible for assistance if they are experiencing financial hardship due to job loss or business closure, reduction in hours or pay, difficulty obtaining new employment, death of a spouse or co-borrower or increased expenses due to the pandemic. Increased expenses can be due to health care, the need to care for a family member, increased child care costs due to school closures or increased costs associated with quarantine. Applicants must be seeking assistance for a primary residence in North Carolina and meet income and other requirements.
Homeowners can learn more and apply for help by calling 1-855-MY-NCHAF (1-855-696-2423) or by visiting NCHomeownerAssistance.gov.
Jack Lloyd, an attorney with our consumer practice group, and Kelly Clarke, an attorney with our Fair Housing Project, discuss foreclosures and fair housing during COVID.
In this August 3 episode of our Housing on Monday Evening (HOME) series on Facebook Live, Jack Lloyd, supervising attorney of our foreclosure team, discusses how mortgage holders can avoid foreclosure during the Coronavirus (COVID-19) pandemic.
Foreclosures and Foreclosure Evictions during the Pandemic: I haven’t gotten a paycheck in 3 weeks and don’t know when my stimulus check might come—is my mortgage servicer going to foreclose? Is my family going to be evicted?!
Join Jack Lloyd, supervising attorney with Legal Aid’s mortgage foreclosure prevention project, as he discusses what’s happening right now with foreclosures during the Covid-19 pandemic.