Reverse Mortgage Benefit
Funding Amount
Up to $40,000
Deadline
Deadline not published
Grant Type
Foundation
Overview
Geographic Scope: Oregon statewide
Focus Areas: Mortgage foreclosure prevention
The Reverse Mortgage Benefit is for homeowners with a Home Equity Conversion Mortgage (HECM) that is behind due to charges (including taxes, insurance and homeowner association fees) advanced by their lender. To fully reinstate the account, this program can provide a maximum benefit up to $40,000, paid directly to the reverse mortgage servicer.
Eligibility: Homeowners with HECM mortgages behind on advanced charges
Loan Terms: No-interest, five-year forgivable loan for which a lien will be recorded against the property
Contact/Application: www.oregonhomeownerhelp.org
How to Apply
Application Process
Apply through the following portal: www.oregonhomeownerhelp.org
What Community in Action actually gave
Source: IRS Form 990, 2021 — the most recent filing with itemized grants
- Grants in 2021
- 3
- Total given
- $724K
- Median grant
- $92K
- Range
- $11K–$620K
- By dollars: Oregon 100%. Top recipient cities: Ontario, OR; Burns, OR.
Example grants
Harney County Senior Center · Burns, OR
Services to seniors
$620K
Origins Faith Community · Ontario, OR
Shelter from weather
$92K
Project Dove · Ontario, OR
Emergency shelter
$11K
Focus Areas & Funding Uses
Fields of Work
- Housing
- Hardship
Categories
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