While rising home prices and an improving economy have pushed the foreclosure crisis out of mind for many homeowners, nearly 11 percent of homeowners in the Washington area were underwater on their home loans in the first quarter of this year.

The D.C. Housing Finance Agency recently received additional funding from the U.S. Treasury Department’s Hardest Hit Fund and is using the money to reopen the HomeSaver foreclosure-prevention program.

The HomeSaver program, open to D.C. residents living in their primary residence who are receiving unemployment benefits or have experienced an involuntary reduction in income of 25 percent or more, offers three options to avoid foreclosure. The homeowners must not have received a notice of a foreclosure sale and cannot be in the midst of bankruptcy proceedings.

Options include a one-time payment of up to six months of mortgage delinquency, up to 24 months of mortgage-payment assistance to a maximum of $38,400, or a one-time payment of delinquency up to $38,400.

For program details or to submit an application, visit HomeSaverDC.org or DCHFA.org.

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