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State Launches $105M Grant Program to Help Fire Victims Pay Mortgages

  • The California Housing Finance Agency unveiled a $105 million mortgage assistance program on June 5, 2025, to support wildfire victims in Los Angeles County.
  • The program addresses the extensive damage caused earlier this year when the Eaton and Palisades wildfires destroyed more than 11,500 homes, forcing thousands of people to relocate.
  • Homeowners whose residences have been destroyed or made unlivable can apply for grants that cover mortgage payments for a maximum of three months, with awards capped at $20,000, distributed on a first-come, first-served basis.
  • Officials estimate the funding will assist about 8,750 recipients since average monthly mortgage payments approximate $4,000, and eligibility requires median income limits in disaster counties.
  • This aid aims to provide financial relief amid ongoing housing instability and emotional trauma for victims, though demand will exceed current funds, highlighting long-term recovery challenges.
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Los Angeles, 5 Jun (EFE).- California has launched on Thursday a new $105 million mortgage support program in grants to eligible homeowners whose homes were destroyed or rendered uninhabitable as a result of the fires that hit the state in the last two years. Subsidies of up to $20,000 cover those owners who have been displaced from their homes due to significant damage from a disaster between January 2023 and January 2025, reported today Govern…

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RollingStone broke the news in Los Angeles, United States on Wednesday, June 4, 2025.
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