Sudbury Offers Thousands In Mortgage Help To Residents

SUDBURY, MA — Eligible Sudbury residents can get up to $3,000 in mortgage payment assistance, a program from the Sudbury Housing Trust made possible by funds from the federal ARPA stimulus package.

Here's more from a housing trust news release:

The Sudbury Housing Trust is pleased to announce a mortgage relief program to Sudbury residents that have been impacted by the COVID-19 pandemic. The Mortgage Assistance Program is funded by federal ARPA funds to help residents maintain housing. If eligible, the Program will provide mortgage assistance in the form of a grant to be paid directly to lenders.
Funding will be provided to owners who meet the eligibility requirements and complete the application process, including ALL ATTACHMENTS. Funding is available on a first-come, first-served basis until funds are exhausted.

Program Details:

• Applications are accepted on a rolling basis, and eligibility is determined.
• If approved, Owner provides Lender’s W9, and Owner and Trust sign Participation Agreement.
• Town issues payment/s payable to the Lender, forwarded by Owner to Lender. Owner is responsible for remaining amounts for taxes and insurance portion of payment.

Grant Amount: Up to $3,000 of assistance, in monthly payments payable to the holder of first mortgage, towards arrears of outstanding principal (since April 2020) or upcoming payment.

Other housing costs (e.g., condo fees, escrowed insurance or taxes, home equity line of credit, or second mortgages, etc.) are not covered expenses.

Application Assistance:

• Questions? Email info@RHSOhousing.org or call 978-287-1092
• Need assistance filling out the application? Contact the Town Social Work Office at socialworker@sudbury.ma.us or call 978-440-5476
• Favor de comunicarse en 978-287-1092 para ayuda gratis con el idioma.

Return application electronically to: info@RHSOhousing.org (in a PDF legible format)
Mail or Drop-off hard copy to: 37 Knox Trail, Acton MA 01720 (Black mailbox at bottom of steps)