Reported 26 days ago
The District of Columbia Housing Finance Agency (DCHFA) has relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), initially started in 2019. The program, which ended in 2021 primarily due to inflation concerns, aims to support seniors with reverse mortgages by offering up to $40,000 for property tax and insurance payments through zero-interest deferred loans. DCHFA emphasized the program's necessity based on community feedback and successful past outcomes, with hopes of making the revival permanent in the future.
Source: YAHOO