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Deadline extended to Wednesday, July 27 for Emergency Homeowner Loan Program (EHLP)

July 25th, 2011 2:58 PM

The deadline for accepting EHLP pre-applications has been extended to Wednesday, July 27 by the Department of Housing and Urban Development (HUD) and NeighborWorks America.

Pre-applications that were received past the original July 22, 2011 deadline will be reviewed for eligibility. New pre-applications will be accepted in-person or via mail until 4:30pm on Wednesday, July 27 and pre-applications received electronically (fax or scanned/email) until midnight on Wednesday, July 27.

Pre-applications can be obtained at www.ehlpminnesota.com.

If you continue to get questions about the program from your clients and constituents, please share this updated information.

Update on Applications Received to Date:

The Minnesota Homeownership Center and Minnesota Housing have exceeded our HUD allocated goals for eligible households. However, nearly 50% of pre-applicants don’t meet the strict program guidelines, therefore, we will continue to accept pre-applications and build a waiting list. The next step in the program is for HUD to conduct a lottery to select eligible pre-applicants who will move on to the next stage in the program.

Over the coming weeks, Minnesota Housing and the Minnesota Homeownership Center will communicate via mail with ineligible homeowners who did not meet the program’s stringent guidelines and share with those homeowners why their pre-application was deemed ineligible.

Once HUD has conducted the program lottery, housing counselors will communicate with all homeowners who have been selected to submit a full application. Homeowners will have just five days to respond to this communication or another homeowner will be selected to participate. All homeowners who sent in eligible pre-applications, but were not selected during the lottery, will be notified that they have been placed on a waiting list. They may be chosen to complete a full application if any of the original selected homeowners are deemed ineligible or do not respond in time.

We will continue to keep you apprised about the program process as well as the consumer response we’ve received. Thank you for all your efforts to share information about this program with your consumers, clients and friends.

Posted by Jamie Larkin, Mortgage Advisor on July 25th, 2011 2:58 PMPost a Comment (0)

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