HomeSaver 

Helping Washingtonians Keep Their 

Homes 

The DCHFA has been successfully administering the HomeSaver program through the Hardest Hit Fund Initiative since January 2011. The program has helped sustain the local housing market, but most important it helps more Washingtonians keep their homes. President Barack Obama initiated this program early in his first term. Since then the Department of the U.S. Treasury has recognized how the accomplishments of HomeSaver have helped families in need in the nation’s capital. "Through the Hardest Hit Fund, the District of Columbia and participating states are exploring innovative solutions to some of the most difficult challenges in an unprecedented housing crisis. The program has provided the DCHFA an opportunity to work with partners across the city to reach those struggling families who can most benefit from the aid. As a result, every month the DCHFA is helping hundreds of families avoid foreclosure." Mark McArdle Treasury Deputy Chief for Homeownership Preservation Director of the Hardest Hit Fund 

815 Florida Avenue 

Washington, DC 20001 

202-777-1690 

www.dchfa.org

D.C. Housing Finance Agency 
What is HomeSaver? 

HomeSaver is the District of Columbia Housing Finance Agency’s (DCHFA) foreclosure prevention program. It uses dollars from the U.S. Treasury Hardest Hit Housing Fund (HHF) to keep residents of the nation’s capital in their homes. 

Who Qualifies? 

HomeSaver is for D.C. homeowners who use their home as their primary residence and are unemployed or underemployed. Unemployed Applicants must be unemployed and have received Unemployment Insurance within six months of their application dateUnderemployed Applicants must have experienced a 25 percent decline in employment income Further Eligibility Criteria ● Homeowner must be named on the deed of trust Must not have received a notice of foreclosure sale or be in active bankruptcy ● Mortgage balance must not exceed $729,750 ● Co-Op units are not eligible ● Income must not exceed $128,760 

(Additional criteria may apply) 

What’s Available? 

There are three types of assistance for eligible applicants. Assistance is paid directly to mortgage servicers in the form of a forgivable loan, which only has to be repaid if the participant sells or refinances the home to the extent that there is sufficient equity. Lifeline Assistance: provides a one-time payment of up to six months mortgage delinquency including Principal, Interest, Tax and Insurance (PITI), late fees and condo fees. Mortgage Assistance: provides up to 15 months or a maximum of $32,385 in mortgage payment assistance to keep the applicant’s mortgage current. Restore Assistance: serves the recently reemployed homeowner by providing a one-time payment of up to $32,385 to “catch-up” delinquent mortgage payments. 

How to Apply? 

Apply today at www.homesaverdc.org

For more information call one of our partner 

housing counseling agencies 

National Community Reinvestment Coalition 

202-383-7702 

United Planning Organization 

202-661-5861 

Housing Counseling Services 

202-667-7006 

University Legal Services 202-547-4747 HomeFree USA 301-891-8400 

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