Michigan Homeowner

Assistance Fund 

(MIHAF)Term Sheet

Program: Michigan Homeowner Assistance Fund (MIHAF) 

Date: January 10, 2023

Program Overview This MIHAF program was established under section 3206 of the American 

Rescue Plan Act of 2021 (the ARP) to mitigate financial hardships associated 

with the coronavirus pandemic by providing funds to eligible entities for the 

purpose of preventing homeowner mortgage delinquencies, defaults, 

foreclosures, loss of utilities or home energy services, and displacements of 

homeowners experiencing financial hardship on or after January 21, 2020, 

through qualified expenses related to mortgages and housing. 

HAF Program Goal To provide financial assistance to Michigan Eligible Homeowners to 

eliminate or reduce past due payments associated with homeownership, 

including payments under a forbearance plan, deferred payments, full or 

partial reinstatements, corporate advances on a Reverse mortgage, and 

past due payment on loans secured by manufactured home or contracts of 

deeds. To provide financial assistance to Michigan Eligible Homeowners to 

eliminate or reduce past due property tax, condominium association dues, 

and/or housing utility payments.

Size of MIHAF Program Michigan State Housing Development Authority (the Authority) will utilize 

up to $206,086,279 (total award $242,812,277 less 15% administrative 

costs) of its total HAF allocation for this program. 

Targeted Population 

of Homeowners and 

Financial Challenges 

Program Seeks to 

Address

Not less than 60% of amounts made available for MIHAF program expenses 

will be used for qualified expenses to assist homeowners having incomes 

equal to or less than 100% of the area median income household limit in 

accordance with HUD’S FY HAF Income Limits adjusted annually in the 

spring. Any amount not made available to homeowners that meet this 

income-targeting will be used for qualified expenses to assist homeowners 

having incomes equal to or less than 150% area median income and will be 

prioritized for assistance to socially disadvantaged individuals as outlined in 

U.S. Department of the Treasury Guidance dated August 2, 2021. Program 

funds will be made available to assist all eligible homeowners on a first 

come, first serve basis. 

Eligible Homeowners “Eligible Homeowners” for Michigan’s MIHAF program must meet the 

following criteria:

• Homeowner must have experienced and attest to a Qualified 

Financial Hardship on or after January 21, 2020 or had a Qualified 

Financial Hardship that began before January 21, 2020 but 

continued after that date. The attestation must describe the 
nature of the financial hardship.

• Homeowner must currently own and occupy the property as their 

primary residence. 

• Homeowner must meet the Homeowner Income Eligibility 

Requirements. 

Eligible Legal 

Ownership Structures

“Eligible Legal Ownership Structures” include only the following:

• Those where the home is owned by a “natural person” (i.e., LLP, 

LP, S-Corp, or LLC do not qualify). Where the estate of a deceased 

natural person is the ownership entity, the owner may be eligible, 

subject to review by the Authority.

• Those where the homeowner has transferred their ownership 

right into non- incorporated, Living Trusts, provided the 

homeowner occupies the home as the primary/principal 

residence.

• Those where the home is under a Purchaser’s Interest in a Land 

Contract valid under Michigan law.

• Those where the home is owned by a certificate of title.

• Those where the occupant is a member of a “Consumer housing 

cooperative organized under Michigan law.”

Qualified Financial 

Hardship

A “Qualified Financial Hardship” is a material reduction in income or 

material increase in living expenses associated with the coronavirus 

pandemic that has created or increased a risk of mortgage delinquency, 

mortgage default, foreclosure, loss of utilities or home energy services, or 

displacement for a homeowner.

• Reduction of Income – Temporary or permanent loss of earned 

income on or after January 21, 2020 or that began before 

January 21, 2020 but continued after that date.

• Increase in living expenses – Increase in out-of-pocket 

household expenses such as, medical expenses, inadequate 

medical insurance, increase in household size, or costs to 

reconnect utility services directly related to coronavirus 

pandemic on or after January 21, 2020 or that began before 

January 21, 2020 but continued after that date.

Homeowner

Income Eligibility 

Requirements

To be eligible for assistance under the Michigan’s MIHAF Program, 

homeowners must not exceed incomes equal to or less than 150% of the 

area median income household limit in accordance with HUD’S FY HAF 

Income Limits adjusted annually in the Spring. (“Homeowner Income 

Eligibility Requirements”). 

Homeowner 

Prioritization

• The Authority will prioritize funding to the following populations: 

• Not less than 60% will be used for qualified expenses that assist 

homeowners having incomes equal to or less than 100% of the area 
median income. 

• Amounts not made available to homeowners that meet the above 

income-targeting requirement will be used to assist homeowners 

having household incomes equal to or less than 150% of area 

median income and prioritized for assistance to socially 

disadvantaged individuals as defined by the Department of U.S. 

Treasury’s guidance dated August 2, 2021. 

“Socially Disadvantaged Individuals” are those whose ability to purchase or 

own a home has been impaired due to diminished access to credit on 

reasonable terms as compared to others in comparable economic 

circumstances, based on disparities in homeownership rates in Michigan as 

documented by the U.S. Census. “Socially Disadvantaged Individuals” are 

those who have been subjected to racial or ethnic prejudice or cultural 

bias within American society because of their identities as members of 

groups and without regard to their individual qualities. Social 

disadvantage must stem from circumstances beyond their control.

Indicators of socially disadvantage impairment may include being a 1) 

member of a group that has been subjected to racial or ethnic prejudice or 

cultural bias with American society; 2) resident of a majority-minority 

Census tract; 3) individual with limited English proficiency; 4) individual who 

lives in a persistent-poverty county that has had 20% or more of its 

population living in poverty over the last 30 years; 5) single-member 

households, Female heads of households with related children and Shelter 

overburden households as supported in Michigan’s data analysis, and 6) an 

individual who identifies and self-attests to being socially disadvantaged 

within the application process. 

Eligible Properties “Eligible Properties” are those that are:

• Single-family (attached or detached) properties

• Condominium units.

• 1 to 4-unit properties where the homeowner is living in one of the 

units as their primary residence. 

• Manufactured homes permanently affixed to real property and 

taxed as real estate.

• Mobile homes not permanently affixed to real property.

Ineligible properties:

• Vacant, lacking a dwelling, or abandoned.

• 2

nd homes.

• Investment property.

• 1 to 4-unit properties where the homeowner/landlord has received 

Emergency Rental Assistance Funds.

• Mortgage assistance is limited to transactions that the unpaid 

principal balance of which was, at the time of origination, not more 

than the conforming loan limit. For purposes of this definition, the 

conforming loan limit means the applicable limitation governing the 

maximum original principal obligation of a mortgage secured by a 
single-family residence, as determined, and adjusted annually 

under section 302(b)(2) of the Federal National Mortgage 

Association Charter Act (12 U.S.C. 1717(b)(2)) and section 305(a)(2) 

of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 

1454(a)(2)).

Eligible Qualified 

Expenses MIHAF 

Program Proceeds

Housing obligations as listed below and incurred by a Homeowner’s 

Qualified Financial Hardship on or after January 21, 2020 or had a Qualified 

Financial Hardship before January 21, 2020, but continued after that date 

are eligible “Qualified Expenses” of MIHAF Program Proceeds:

• Existing delinquent first mortgage lien payments (principal, interest, 

taxes, insurances (PITI)), escrow shortages, corporate advances. 

• Existing first mortgage lien partial or full forbearance reinstatement 

and/or delinquent monthly forbearance payments.

• Existing delinquent subordinate mortgage lien payment (P&I)

• Existing delinquent government subsidized, amortized lien 

payments (P&I)

• Land Contract delinquent monthly payment (P&I) 

• Manufactured/mobile home delinquent loan monthly payment 

(P&I) and delinquent lot rent, if applicable.

• Utilities, including electric, gas, home energy and water delinquent 

balances and costs to restore services, if arrearages not otherwise 

covered from another source of funds.

• Internet service, including broadband internet access, delinquent 

balances, and costs to restore services, if arrearages not otherwise 

covered from another federal assistance source of funds. 

• Homeowner’s association fees, condominium association fees or 

common charges, delinquent balances including costs for lien 

extinguishment.

• Homeowner’s hazard, flood and/or mortgage insurance delinquent 

balances, including force place coverage, and costs to reinstate 

coverage.

• Delinquent property taxes, including assessed interest and 

penalties for years 2019 to present

• Homeowner counseling/non-profit legal entity application 

assistance costs

• De minimis lender-assessed fees.

Arrearages of qualified expenses are eligible for purposes of HAF regardless 

of the date they were incurred, including if arose before January 21, 2020,

per U.S. Treasury guidance dated August 2, 2021 if it can be tied to a COVID 

related hardship.
Maximum Per 

Household MIHAF 

Assistance

The Authority will not exceed its “Maximum Per Household MIHAF 

Assistance” amount of $25,000 per household, combined across all Eligible 

Uses, in the MIHAF Program. 

Additionally, assistance is limited to one-time, per household. 

Assistance Type Assistance will be structured as a non-recourse grant.

Payout of MIHAF 

Assistance

The Authority will disburse MIHAF assistance directly to mortgage 

lender/servicer, land contract holder, manufactured/mobile home 

lender/park (lot fees), county treasurer, condominium/homeowners’ 

association, utility provider, local municipality, internet and/or broadband 

service providers. 

The Authority will make no more than one disbursement to each payee.

The Authority will disburse the amount quoted by the lender/servicer; any 

discrepancies to be resolved by the homeowner and lender/servicer. 

If Homeowner’s past due amount exceeds the amount that the Authority 

can provide, Homeowner may pay the difference or the lender may 

complete a loan modification to resolve remaining balance, and the 

Authority will pay the maximum of their limit.

Structure of Assistance 

and Payment Process 

Description of 

Qualified Expenses

MIHAF assistance will be prioritized to Eligible “Qualified Expenses” of 

MIHAF Program Proceeds as follows:

1) Mortgage/housing loan assistance, 

2) Land Contracts and Reverse Mortgages,

3) Property taxes, 

4) Condominium/homeowners’ association fees,

5) Mobile home and/or lot payment assistance,

6) Homeowner’s insurances,

7) Utilities,

8) Internet services. 

Program Launch The Authority launched the program to the public statewide on February 

14, 2022 after approval of Michigan’s legislative appropriation of program 

funds to the Authority. The terms hereof are subject to change based on 

the foregoing.

Program Duration The period of performance for the MIHAF award begins on the date 

hereof and ends on September 30, 2026. HAF recipient shall not incur 

any obligations to be paid with the funding from this award after such 

period of performance ends.

The Authority plans to disburse all funds prior to the end of program date, 

September 30, 2026.

Program Leverage 

with Other Financial 

The Authority will undertake best effort approach to leverage the 

assistance that might be available for homeowners through other 
Resources federal programs that have been created expressly for that purpose 

before using MIHAF funds for utility assistance, for example.

Program Exclusions • Home repair/property improvement assistance

• Rent to Own or Lease to Own Agreements 

• Partial payments or Payoff of an FHA Partial Claim

• Balloon Payment on Land Contract/Mortgage/Consumer loan 

(manufactured/mobile home)

• Principal Reduction or full payoff of a 1st or 2nd mortgage 

lien/land contract

• Received assistance from Michigan’s COVID Emergency Rental 

Assistance (CERA) program

• MSHDA employees

• Providing assistance to households that at time of origination 

maintained a jumbo loan or loan amount exceed conforming 

loan limits.

Exhibit A

Eligible Uses of MIHAF Program 

Proceeds

Per Item Maximum Amount 

Per Homeowner

Description of Intended Impact 

on Eligible Homeowners

Housing Payment Assistance 

(Mortgage, Land Contract, 

Mobile Home)

$25,000 per HH Maximum Reinstate, avoid foreclosure, 

retain homeownership

Property Tax Assistance $25,000 per HH Maximum Reinstate, avoid foreclosure, 

retain homeownership

Condominium Association 

Assistance

$10,000 budgeted (and included 

in $25,000 Housing payment 

assistance)

Reinstate, avoid foreclosure, 

retain homeownership

Homeowner’s Insurances 

(Hazard, Flood or Mortgage)

$25,000 (included in Housing 

payment assistance)

Reinstate and restore coverage

Utility Assistance $500 budgeted (and included in 

$25,000 Housing payment 

assistance)

Reinstate and restore services

Utilities, Condo HOA fees and 

Insurance costs are not capped 

at the maximum amount of 

assistance (per Exhibit A) as 

they are included in the 

maximum per household 

assistance of $25,000
HAF Original Plan Budget Total Budgeted Description of eligible 

assistance

Financial Assistance $103,956,081. Payment of delinquent 

payments, partial or full 

reinstatement on all housing 

structures (MH, SF, Reverse 

Mtg, and LC). Payment of 

escrow shortages and 

foreclosure fees assessed by 

lenders

Payment Assistance Utilities $13,060,862. Electric, Gas, Water, Sewer and 

Internet

Payment Assistance Taxes $,88,008,472. Delinquent property taxes no 

earlier than 2019 year

Payment Assistance Insurance $1,060,862 Payment of all ancillary 

collection fees/ condo fees

Counseling/Legal Aid fees $2,428,123. Counseling aide/legal aide 

services for delinquent 

homeowners
Michigan Homeowner

Assistance Fund 

(MIHAF)Term Sheet

Program: Michigan Homeowner Assistance Fund (MIHAF) 

Date: February 2, 2023

Program Overview This MIHAF program was established under section 3206 of the American 

Rescue Plan Act of 2021 (the ARP) to mitigate financial hardships associated 

with the coronavirus pandemic by providing funds to eligible entities for the 

purpose of preventing homeowner mortgage delinquencies, defaults, 

foreclosures, loss of utilities or home energy services, and displacements of 

homeowners experiencing financial hardship on or after January 21, 2020, 

through qualified expenses related to mortgages and housing. 

HAF Program Goal To provide financial assistance to Michigan Eligible Homeowners to 

eliminate or reduce past due payments associated with homeownership, 

including payments under a forbearance plan, deferred payments, full or 

partial reinstatements, corporate advances on a Reverse mortgage, and 

past due payment on loans secured by manufactured home or contracts of 

deeds. To provide financial assistance to Michigan Eligible Homeowners to 

eliminate or reduce past due property tax, condominium association dues, 

and/or housing utility payments.

Size of MIHAF Program Michigan State Housing Development Authority (the Authority) will utilize 

up to $206,086,279 (total award $242,812,277 less 15% administrative 

costs) of its total HAF allocation for this program. 

Targeted Population 

of Homeowners and 

Financial Challenges 

Program Seeks to 

Address

Not less than 60% of amounts made available for MIHAF program expenses 

will be used for qualified expenses to assist homeowners having incomes 

equal to or less than 100% of the area median income household limit in 

accordance with HUD’S FY HAF Income Limits adjusted annually in the 

spring. Any amount not made available to homeowners that meet this 

income-targeting will be used for qualified expenses to assist homeowners 

having incomes equal to or less than 150% area median income and will be 

prioritized for assistance to socially disadvantaged individuals as outlined in 

U.S. Department of the Treasury Guidance dated August 2, 2021. Program 

funds will be made available to assist all eligible homeowners on a first 

come, first serve basis. 

Eligible Homeowners “Eligible Homeowners” for Michigan’s MIHAF program must meet the 

following criteria:

• Homeowner must have experienced and attest to a Qualified 

Financial Hardship on or after January 21, 2020 or had a Qualified 

Financial Hardship that began before January 21, 2020 but 
continued after that date. The attestation must describe the 

nature of the financial hardship.

• Homeowner must currently own and occupy the property as their 

primary residence. 

• Homeowner must meet the Homeowner Income Eligibility 

Requirements. 

Eligible Legal 

Ownership Structures

“Eligible Legal Ownership Structures” include only the following:

• Those where the home is owned by a “natural person” (i.e., LLP, 

LP, S-Corp, or LLC do not qualify). Where the estate of a deceased 

natural person is the ownership entity, the owner may be eligible, 

subject to review by the Authority.

• Those where the homeowner has transferred their ownership 

right into non- incorporated, Living Trusts, provided the 

homeowner occupies the home as the primary/principal 

residence.

• Those where the home is under a Purchaser’s Interest in a Land 

Contract valid under Michigan law.

• Those where the home is owned by a certificate of title.

• Those where the occupant is a member of a “Consumer housing 

cooperative organized under Michigan law.”

Qualified Financial 

Hardship

A “Qualified Financial Hardship” is a material reduction in income or 

material increase in living expenses associated with the coronavirus 

pandemic that has created or increased a risk of mortgage delinquency, 

mortgage default, foreclosure, loss of utilities or home energy services, or 

displacement for a homeowner.

• Reduction of Income – Temporary or permanent loss of earned 

income on or after January 21, 2020, or that began before 

January 21, 2020, but continued after that date.

• Increase in living expenses – Increase in out-of-pocket 

household expenses such as, medical expenses, inadequate 

medical insurance, increase in household size, or costs to 

reconnect utility services directly related to coronavirus 

pandemic on or after January 21, 2020, or that began before 

January 21, 2020, but continued after that date.

Homeowner

Income Eligibility 

Requirements

To be eligible for assistance under the Michigan’s MIHAF Program, 

homeowners must not exceed incomes equal to or less than 150% of the 

area median income household limit in accordance with HUD’S FY HAF 

Income Limits adjusted annually in the Spring. (“Homeowner Income 

Eligibility Requirements”). 

Homeowner 

Prioritization

• The Authority will prioritize funding to the following populations: 

• Not less than 60% will be used for qualified expenses that assist 
homeowners having incomes equal to or less than 100% of the area 

median income. 

• Amounts not made available to homeowners that meet the above 

income-targeting requirement will be used to assist homeowners 

having household incomes equal to or less than 150% of area 

median income and prioritized for assistance to socially 

disadvantaged individuals as defined by the Department of U.S. 

Treasury’s guidance dated August 2, 2021. 

“Socially Disadvantaged Individuals” are those whose ability to purchase or 

own a home has been impaired due to diminished access to credit on 

reasonable terms as compared to others in comparable economic 

circumstances, based on disparities in homeownership rates in Michigan as 

documented by the U.S. Census. “Socially Disadvantaged Individuals” are 

those who have been subjected to racial or ethnic prejudice or cultural 

bias within American society because of their identities as members of 

groups and without regard to their individual qualities. Social 

disadvantage must stem from circumstances beyond their control.

Indicators of socially disadvantage impairment may include being a 1) 

member of a group that has been subjected to racial or ethnic prejudice or 

cultural bias with American society; 2) resident of a majority-minority 

Census tract; 3) individual with limited English proficiency; 4) individual who 

lives in a persistent-poverty county that has had 20% or more of its 

population living in poverty over the last 30 years; 5) single-member 

households, Female heads of households with related children and Shelter 

overburden households as supported in Michigan’s data analysis, and 6) an 

individual who identifies and self-attests to being socially disadvantaged 

within the application process. 

Eligible Properties “Eligible Properties” are those that are:

• Single-family (attached or detached) properties

• Condominium units.

• 1 to 4-unit properties where the homeowner is living in one of the 

units as their primary residence. 

• Manufactured homes permanently affixed to real property and 

taxed as real estate.

• Mobile homes not permanently affixed to real property.

Ineligible properties:

• Vacant, lacking a dwelling, or abandoned.

• 2

nd homes.

• Investment property.

• 1 to 4-unit properties where the homeowner/landlord has 

received Emergency Rental Assistance Funds or utility payments 

using CERA funds.

• Mortgage assistance is limited to transactions that the unpaid 

principal balance of which was, at the time of origination, not 

more than the conforming loan limit. For purposes of this 
definition, the conforming loan limit means the applicable 

limitation governing the maximum original principal obligation of a 

mortgage secured by a single-family residence, as determined, and 

adjusted annually under section 302(b)(2) of the Federal National 

Mortgage Association Charter Act (12 U.S.C. 1717(b)(2)) and 

section 305(a)(2) of the Federal Home Loan Mortgage Corporation 

Act (12 U.S.C. 1454(a)(2)).

Eligible Qualified 

Expenses MIHAF 

Program Proceeds

Housing obligations as listed below and incurred by a Homeowner’s 

Qualified Financial Hardship on or after January 21, 2020, or had a Qualified 

Financial Hardship before January 21, 2020, but continued after that date 

are eligible “Qualified Expenses” of MIHAF Program Proceeds:

• Existing delinquent first mortgage lien payments (principal, interest, 

taxes, insurances (PITI)), escrow shortages, corporate advances. 

• Existing first mortgage lien partial or full forbearance reinstatement 

and/or delinquent monthly forbearance payments.

• Existing delinquent subordinate mortgage lien payment (P&I)

• Existing delinquent government subsidized, amortized lien 

payments (P&I)

• Land Contract delinquent monthly payment (P&I) 

• Manufactured/mobile home delinquent loan monthly payment 

(P&I) and delinquent lot rent, if applicable.

• Utilities, including electric, gas, home energy and water delinquent 

balances and costs to restore services, if arrearages not otherwise 

covered from another source of funds.

• Internet service, including broadband internet access, delinquent 

balances, and costs to restore services, if arrearages not otherwise 

covered from another federal assistance source of funds. 

• Homeowner’s association fees, condominium association fees or 

common charges, delinquent balances including costs for lien 

extinguishment.

• Homeowner’s hazard, flood and/or mortgage insurance delinquent 

balances, including force place coverage, and costs to reinstate 

coverage.

• Delinquent property taxes, including assessed interest and 

penalties for all delinquent tax years; for delinquent property tax 

accruing before January 20, 2020, those delinquencies that received 

a past-due tax notice or were subject to the statutory tax forfeiture 

or foreclosure process after January 20, 2020. 

• Homeowner counseling/non-profit legal entity application 

assistance costs

• De minimis lender-assessed fees.

Arrearages of qualified expenses are eligible for purposes of HAF regardless 

of the date they were incurred, including if arose before January 21, 2020,

per U.S. Treasury guidance dated August 2, 2021, if it can be tied to a COVID 

related hardship.
Maximum Per 

Household MIHAF 

Assistance

The Authority will not exceed its “Maximum Per Household MIHAF 

Assistance” amount of $25,000 per household, combined across all Eligible 

Uses, in the MIHAF Program. 

Additionally, assistance is limited to one-time, per household unless, in 

conjunction with receiving MIHAF assistance the household entered a 

delinquent property-tax repayment plan with their County Treasurer. Such 

households may reapply to MIHAF for assistance to apply towards such a 

property-tax repayment plan. All MIHAF assistance is cumulative

Assistance Type Assistance will be structured as a non-recourse grant.

Payout of MIHAF 

Assistance

The Authority will disburse MIHAF assistance directly to mortgage 

lender/servicer, land contract holder, manufactured/mobile home 

lender/park (lot fees), county treasurer, condominium/homeowners’ 

association, utility provider, local municipality, internet and/or broadband 

service providers. 

The Authority will make no more than one disbursement to each payee, 

with the exception of County Treasurers for delinquent property-tax 

assistance as described above.

The Authority will disburse the amount quoted by the lender/servicer; any 

discrepancies to be resolved by the homeowner and lender/servicer. 

If Homeowner’s past due amount exceeds the amount that the Authority 

can provide, Homeowner may pay the difference or the lender may 

complete a loan modification to resolve remaining balance, and the 

Authority will pay the maximum of their limit.

Structure of Assistance 

and Payment Process 

Description of 

Qualified Expenses

MIHAF assistance will be prioritized to Eligible “Qualified Expenses” of 

MIHAF Program Proceeds as follows:

1) Mortgage/housing loan assistance, 

2) Land Contracts and Reverse Mortgages,

3) Property taxes, 

4) Condominium/homeowners’ association fees,

5) Mobile home and/or lot payment assistance,

6) Homeowner’s insurances,

7) Utilities,

8) Internet services. 

Program Launch The Authority launched the program to the public statewide on February 

14, 2022, after approval of Michigan’s legislative appropriation of program 

funds to the Authority. The terms hereof are subject to change based on 

the foregoing.

Program Duration The period of performance for the MIHAF award begins on the date 
hereof and ends on September 30, 2026. HAF recipient shall not incur 

any obligations to be paid with the funding from this award after such 

period of performance ends.

The Authority plans to disburse all funds prior to the end of program date, 

September 30, 2026.

Program Leverage 

with Other Financial 

Resources

The Authority will undertake best effort approach to leverage the 

assistance that might be available for homeowners through other 

federal programs that have been created expressly for that purpose 

before using MIHAF funds for utility assistance, for example.

Program Exclusions • Home repair/property improvement assistance

• Rent to Own or Lease to Own Agreements 

• Partial payments or Payoff of an FHA Partial Claim

• Balloon Payment on Land Contract/Mortgage/Consumer loan 

(manufactured/mobile home)

• Principal Reduction or full payoff of a 1st or 2nd mortgage 

lien/land contract

• Received assistance from Michigan’s COVID Emergency Rental 

Assistance (CERA) program

• MSHDA employees

• Providing assistance to households that at time of origination 

maintained a jumbo loan or loan amount exceed conforming 

loan limits.

Exhibit A

Eligible Uses of MIHAF Program 

Proceeds

Per Item Maximum Amount 

Per Homeowner

Description of Intended Impact 

on Eligible Homeowners

Housing Payment Assistance 

(Mortgage, Land Contract, 

Mobile Home)

$25,000 per HH Maximum Reinstate, avoid foreclosure, 

retain homeownership

Property Tax Assistance $25,000 per HH Maximum Reinstate, avoid foreclosure, 

retain homeownership

Condominium Association 

Assistance

$10,000 budgeted (and included 

in $25,000 Housing payment 

assistance)

Reinstate, avoid foreclosure, 

retain homeownership

Homeowner’s Insurances 

(Hazard, Flood or Mortgage)

$25,000 (included in Housing 

payment assistance)

Reinstate and restore coverage

Utility Assistance $500 budgeted (and included in 

$25,000 Housing payment 

Reinstate and restore services
assistance)

Utilities, Condo HOA fees and 

Insurance costs are not capped 

at the maximum amount of 

assistance (per Exhibit A) as 

they are included in the 

maximum per household 

assistance of $25,000

HAF Original Plan Budget Total Budgeted Description of eligible 

assistance

Financial Assistance $103,956,081. Payment of delinquent 

payments, partial or full 

reinstatement on all housing 

structures (MH, SF, Reverse 

Mtg, and LC). Payment of 

escrow shortages and 

foreclosure fees assessed by 

lenders

Payment Assistance Utilities $13,060,862. Electric, Gas, Water, Sewer, and 

Internet

Payment Assistance Taxes $,88,008,472. Delinquent property taxes no 

earlier than 2019 year

Payment Assistance Insurance $1,060,862 Payment of all ancillary 

collection fees/ condo fees

Counseling/Legal Aid fees $2,428,123. Counseling aide/legal aid

services for delinquent 

homeowners