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The program is designed to help those struggling to catch up on mortgage payments.

More relief is on its way for homeowners struggling to pay the bills during the coronavirus pandemic.

The Oregon Homeownership Stabilization Initiative (OHSI) recently announced the onset of its new COVID-19 Mortgage Relief Program. As part of the plan — funded through the U.S. Department of the Treasury's Hardest Hit Fund — the OHSI is providing financial relief to help homeowners catch up on mortgage payments and stay secure in their homes.

The COVID-19 Mortgage Relief Program is available to Oregonians who meet the qualifications listed below:

• Became past due on their first-lien mortgage after Jan. 1, 2020

• Experienced a financial hardship such as a job loss, reduced income, medical issue, disability, death or divorce

• Do not have an open bankruptcy case

• Home is their primary residence

• Home is a single-family home or has up to four units

• First-lien mortgage payment is not more than 45% of their gross monthly household income

• First-lien mortgage has an unpaid principal balance that is less than or equal to $491,050

• First-lien mortgage is not an open home equity line of credit or privately financed

• Household income does not exceed 160% of the state median income

More information of standards can be found at oregonhomeownerhelp.org.

The OHSI began accepting applications Sept. 14, and applications can be submitted through the website.

Applicants will need documents including tax returns and mortgage statements, and processing should be expected to take three to four months in order to provide financial support.

If you have questions about the COVID-19 Mortgage Relief Program, check out their website, send an email at This email address is being protected from spambots. You need JavaScript enabled to view it., or call at 503-986-2025.


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