The Unemployment Mortgage Subsidy Program is a one-time award for people who lost their job. The Loan Rescue Program is a one-time award for people who are behind on their payment.
The last program is the Principal Curtailment Program, which is also a one-time matching fund for people with severe negative equity.
To find out if you qualify, call your financial institution. They have the paperwork and can go over what you need you need to do and have to qualify.
This program was announced on Wednesday the governor.
The state is working with the Michigan State Housing Development Authority to distribute the $154.5 million through the Helping Hardest Hit Homeowners Fund.
Close to 17,000 Michigan families could receive help. Since this program was announced, the Housing Development Authority has received close to 800 phone calls.
