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INFORMATION HRSR 08-01-2011
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INFORMATION HRSR 08-01-2011
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7/29/2011 9:38:10 AM
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7/29/2011 8:55:21 AM
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City Government
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HRSR
date
8/1/2011
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Unemployed? Has Your Income Dropped? <br />r r <br />The Emergency Homeowners Loan Program (FRCP) offers a zero interest, #orgivable loan to <br />eligible homeowners. You must meet strict eligibility requirements, for example, you must be <br />unemployed, underemployed, or have experienced a medical emergency. <br />Eligible homeowners are selected through a lottery <br />An EHLP loan will pay some back payments and fees and provide monthly assistance for your <br />mortgage payments. Assistance is available far up to 24 months or a maximum of $50,000. <br />An EHLP loan is secured by a lien against your house and is forgivable over S years if you <br />continue to meet the requirements of the program. <br />~- <br />~ ~4 , <br />For eligibility criteria and information <br />h to enter the lottery, visit <br />,p. <br />. gy <br />or all 6C- ~2- <br />~,~ <br />~~' EHLP <br />Minnesota "'runes°~~ <br />~meownership <br />Housing _ <br />ester <br />EHLP is a program of the US Department of Noosing and Urban Development <br />
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