California Program to Offer Mortgage Relief to Disaster Victims

California is rolling out the CalAssist Mortgage Fund on June 12, which will allocate grants up to homeowners whose homes were destroyed or left uninhabitable in recent fire, floods, and other disasters that occurred between January 2023 and January 2025.

The new disaster mortgage relief program will be managed by the California Housing Finance Agency and will be paired with $25 million in additional housing counseling support through the agency’s National Mortgage Settlement Housing Counseling Program. Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total.

“Homeowners whose home was destroyed in a recent fire, flood or other disaster deserve support in their recovery,” said Gov. Gavin Newsom in a statement. “We know that recovery takes time, and the state is here to support. Today, California is extending this ongoing support to disaster victims in Los Angeles and beyond, by assisting with mortgage payments to relieve financial pressure and stress as families rebuild and recover.”