SACRAMENTO, Calif.—California’s new $1 billion mortgage relief program is now accepting applications, state officials announced during a press conference on Jan. 5.
The relief program can provide up to $80,000 per household in direct payments to mortgage providers to help homeowners who have fallen behind on their mortgage payments as a direct result of the COVID-19 pandemic, though the average payment will be closer to $30,000 per household. Homeowners will not need to repay the funds.
