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State Launches $105M Grant Program to Help Fire Victims Pay Mortgages
- The California Housing Finance Agency unveiled a $105 million mortgage assistance program on June 5, 2025, to support wildfire victims in Los Angeles County.
- The program addresses the extensive damage caused earlier this year when the Eaton and Palisades wildfires destroyed more than 11,500 homes, forcing thousands of people to relocate.
- Homeowners whose residences have been destroyed or made unlivable can apply for grants that cover mortgage payments for a maximum of three months, with awards capped at $20,000, distributed on a first-come, first-served basis.
- Officials estimate the funding will assist about 8,750 recipients since average monthly mortgage payments approximate $4,000, and eligibility requires median income limits in disaster counties.
- This aid aims to provide financial relief amid ongoing housing instability and emotional trauma for victims, though demand will exceed current funds, highlighting long-term recovery challenges.
32 Articles
32 Articles
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Southern California faces frustrating, expensive rebuilding process months after wildfires
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NBC San Diego
NBC Bay AreaCalifornia launching program to help homeowners recover from natural disasters
California homeowners whose homes were destroyed in a recent natural disaster — including the San Diego floods in January 2024 — could get some relief from a new state program launching this month.
Hartford Courant
State lawmakers considering policy changes after LA wildfires
By Sandra McDonald, Los Angeles Times SACRAMENTO, Calif. — Nearly six months after a firestorm ravaged communities across Los Angeles, California lawmakers are crafting legislation to try to protect the state insurance program for high-risk homes from financial collapse. A bill, AB 226, sponsored by Assemblymembers Lisa Calderon, D-Whittier, and David A. Alvarez, D-San Diego, would make the state’s insurer of last resort, the FAIR Plan, eligible…
Los Angeles, 5 Jun (EFE).- California has launched on Thursday a new $105 million mortgage support program in grants to eligible homeowners whose homes were destroyed or rendered uninhabitable as a result of the fires that hit the state in the last two years. Subsidies of up to $20,000 cover those owners who have been displaced from their homes due to significant damage from a disaster between January 2023 and January 2025, reported today Govern…
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