Virginia Ralph Northam today launched the Virginia Rent and Mortgage Relief Program (RMRP), which will provide $50 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding for households facing eviction or foreclosure due to COVID-19. RMRP will provide short-term financial assistance on behalf of households in the form of rent and mortgage payments.
What’s the Eligibility Requirement Virginia Rent and Mortgage Relief Program (RMRP):
Eligible households must demonstrate an inability to make rent or mortgage payments due to the COVID-19 pandemic. Monthly rent or mortgage must be at or below 150 percent Fair Market Rent (FMR), and eligible households must have a gross household income at or below 80 percent of area median income (AMI). For example, Loudoun County or Fairfax County household of 4 people income is less than or equal to $79,600.00.
Are you Eligible for Virginia Rent and Mortgage Relief Program (RMRP)
Considering the tough times we all are facing due to COVID19 the Virginia Rent & Mortgage Relief Program has eligibility requirements plus a priority. To explore if you qualify for the program please visit the below website and answer the questions:
Do note Governor had announced Temporary Moratorium on all Evictions throughout the state of Virginia is set to expire on June 28th, 2020
Ritu Desai is a top real estate agent and an Associate Broker with Samson Properties. Ritu is a certified Short Sales and Foreclosure Resource (SFR®) specialist. She had helped numerous clients facing hardship during the past financial crisis of 2008. With over 16 years of real estate experience with over $136 million in sales serving Fairfax, Loudoun and Prince William counties in Northern Virginia area.