Home Foreclosure Online portal helps those at risk of eviction, foreclosure

Online portal helps those at risk of eviction, foreclosure

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Copyright © 2022 Albuquerque Journal

The state of New Mexico has created a new online portal to better help people apply for financial assistance if the pandemic puts them at risk of eviction from rental property or foreclosure on their own homes.

The New Mexico Home Fund’s new portal can be accessed at nmhomefund.org, and aims to remove some of the uncertainty about where New Mexicans should go to seek help. By answering a few preliminary questions online, the portal automatically transfers the visitor to either the Emergency Rental Assistance Program or the Homeowner Assistance Program, said Donnie Quintana, director of both funds, as well as director of the Local Government Division of the Ministry of Finance. and Administrative.

Under the Emergency Rental Assistance Program, tenants can receive assistance with past, current, and future rent and utility payments for up to 15 months. The program has so far provided assistance in every county in New Mexico with 76,068 awards totaling more than $167 million.

The homeowner assistance program is funded to the tune of $55 million. To date, the program has provided over $8 million to 1,317 households.

The money for the funds came from federal allocations. The state oversees the funds, although it has contracted with the New Mexico Mortgage Finance Authority to administer the homeowners program, Quintana said Friday.

In addition, the New Mexico Home Fund has supported eviction prevention efforts, including free legal representation for tenants through New Mexico Legal Aid and the Eviction Prevention and Diversion Program, which offers mediation between landlords and tenants threatened with eviction.

Ultimately, “the goal is to prevent homelessness and housing instability,” Quintana said.

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