Program for underwater home borrowers to reopen
The Florida Housing Finance Corporation is reopening a program to help those with homes underwater. The homeowners' houses are worth less than what they owe when it comes to mortgages.
The program, Florida Hardest-Hit Fund Principal Reduction includes an online application. It's expected to reopen Thursday morning at nine.
Last year the program had $350 million available for aid for homeowners. The Corporation says nearly $102 million was spent. The program extended aid to 24 hundred homeowners out of 25,000 who applied.
If homeowners qualify they could get a break of $50,000.
Here is a link to the Florida HHF Principal Reduction website where the application can be found. https://www.principalreductionflhhf.org/
Copyright 2014 by News4Jax.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.