Step Forward Michigan Helping homeowners catch up with delinquent house payments, property taxes, and condo fees

Only $21 Million Remaining! What is Step Forward Michigan? It’s a federally funded homeownership retention loan program with Only $21 Million Remaining! Roughly, we have about a 1 ½ years left of our program so its time to spend, spend, SPEND.

Livingston County Assistance Already Received $3,552,202.53 for 394 Households Of that amount, $308,284.83 paid delinquent property taxes. As of 5/2018

Assistance Per Household One time assistance, up to $30,000 Delinquent Mortgage Debt Past Due Property Taxes Outstanding Condo Fees

Mortgage Loan Terms 0% Interest No Monthly Payments Five Year Forgivable Loan forgiven 20% annually as long as homeowner retains occupancy

Eligible Homeowners Legal owner of record Primary residence Hardship that caused the delinquency Income to sustain future payments Less than $10,000 in liquid assets

Eligible Hardships When Did it Happen? What Happened? (Unemployment, Underemployment, Death, Medical, Divorce, and Unexpected out-of-pocket expenses for property or auto repairs) When Did it Happen? How Did it Cause the Missed Payments?

Livingston County As of 05/2018 As you can see, the main hardship for the Homeowners of Livingston County was Unemployment As of 05/2018

How Homeowners Apply Online Application @ www.stepforwardmichigan.org Customer Service 866-946-7432 Work with a Counseling Agency or Program Partner

How can you help? Refer delinquent homeowners to Step Forward Use the Partner Toolkit @ www.stepforwardmichigan.org Contact Valencia Ford @ 866-946-7432 or fordv4@Michigan.gov for marketing materials or to schedule postcard mailing Contact Susie Sambaer @ sambaers@Michigan.gov for status reports or funding questions Each year, we request delinquent taxpayers information from County Treasurers Office, in an effort to assist Homeowners with their delinquent Tax Payments. To give an rough estimate, I would say it has a 10% success rate depending on the County list. Marketing Materials: We can provide you with Hard Copies of our Rack Cards to place in your offices, pass out to Homeowners, etc. (mention the folders have samples of the product we can provide). One of our Funding Advisors is the primary Contact for County Treasurers throughout the State. Get in touch with her if you need in depth information on the Homeowners seeking assistance. Click on SFM Logo.

Step Forward Michigan Gets Results