The Texas Department of Housing and Community Affairs (TDHCA) will directly assist homeowners affected by COVID-19 through its Homeowners Assistance Fund (HAF) program. Texas will qualify and receive funds through Mortgage Relief, an online application portal created by Yardi.
The HAF was established under the American Rescue Plan Act of 2021 and the State of Texas will administer approximately $842 million in HAF funding. Yardi will provide software and general program services to TDHCA for administering the HAF Program. Yardi Mortgage Relief is built on the Rent Relief solution used by many state and local agencies across the country to disburse emergency rental assistance funds.
“The Yardi Mortgage Relief technology offers features and benefits that are unique, including built-in payment distribution that is proven capable to serve the large number of homeowners we expect to assist here in Texas,” said Monica Galuski, director of bond finance and chief investment officer at the TDHCA.
“We are honored to be selected by Texas Department of Housing and look forward to the opportunity to help Texas homeowners recover from the adverse impact of the pandemic. The Yardi Mortgage Relief platform is an end-to-end solution that will expedite disbursement of funds to eligible homeowners in Texas. Yardi has offices in Dallas and Austin and we look forward to helping TDHCA with the very important HAF program,” said John Pendergast, senior vice president at Yardi.
