New program launched to help struggling homeowners

LOUISVILLE, KY (WAVE) - There is new help for struggling homeowners. The federal government is offering a new helping hand. It is called the Emergency Homeowners Loan Program or EHLP.

Up to $50,000 dollars is available per homeowner in loans that don't have to be paid back. That is if the homeowner stays in their home for five years and doesn't fall behind on their mortgage again. The program has a billion dollars behind it.

They will begin taking applications through July 22nd. To learn more, click here.

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