![](https://images.globest.com/cdn-cgi/image/format=auto,fit=contain//media/images/gsnewshub_logo.gif)
SACRAMENTO-From November 1, the government will assist over 42,000 jobless homeowners in California to make mortgage payments till they get another job. Due to a 12.4% increase in unemployment rates in the capital region, the U.S. Treasury Department is providing an additional of $476.2 million to the $64 million California program that will to pay up to $1,500 per month to jobless homeowners.
The California Housing Finance Agency will help in the administration of the program. For the full story, go to Sacramento Bee.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.