HUD Announces Disaster Assistance for Alaska Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) announced on April 2, 2024 the implementation of federal disaster assistance for the Wrangell Cooperative Association to assist areas in the Tribal Nation’s affected by a severe storm, landslides, and mudslides on November 20, 2023. On March 15, 2024, President Biden issued a major disaster declaration.

Effective immediately, HUD is providing a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA). This also applies to foreclosures of mortgages to Native American borrowers guaranteed under the Section 184 Indian Home Loan Guarantee program.

There is also a 90-day extension granted automatically for Home Equity Conversion Mortgages. The moratorium and extension are effective as of the President’s disaster declaration date. Homeowners affected by the disaster should contact their mortgage or loan servicer immediately for assistance. Conventional mortgage holders may also be eligible for additional relief through their mortgage holder.

For more information, please contact the FHA Resource Center at 1-800-304-9320. To learn more about disaster relief options for FHA homeowners visit the FHA Disaster Relief site.