Mortgage Assistance Sample Clauses

Mortgage Assistance. Provide assistance to homeowners who are in arrears on mortgages because of impacts from COVID-19. This would be in addition to the $7 million Emergency Rental Assistance Program that is currently underway through the county. ($1,481,564) COMPLETED Administrative Cost: $109,573 Workforce Rental Housing Assistance: A pilot project to provide residents who qualify under workforce housing guidelines by providing direct payments to landlords. ($924,000) Administrative Cost: $1,724 Starway Village Gap Financing: To support the development of nearly 300 affordable housing units off Carolina Beach Road. ($1,896,729) Housing Specialist: A position at the Department of Social Services to provide counseling around housing. ($34,059) COMPLETED Emergency Rental Assistance Program Manager: A position at the Department of Social Services to manage ERAP. ($45,659) COMPLETED Physical and Mental Health - $22,159,556 The well-being and mental health of children, students and seniors suffered during the pandemic and the legislation allows local governments to use funds to mitigate the public health impact of the pandemic. The county will use funds as outlined below to help address these issues and provide long-term positive impacts. With the exception of the infant and toddler initiatives, the intention is to ultimately fold the services into the county’s continuation budget. Community Violence Initiatives: To support the Board’s commitment to reduce violence in schools and the community through several innovative approaches. ($11,533,329) Mental Health in Schools: Ensure access at each public school to mental health counselors through the county’s Health and Human Services Department. ($4,785,990) Mental Health for Seniors: Establish mental health counselors and a mobile health outreach team based at the Senior Resource Center to serve our county’s older adults. ($366,146) Virtual Outreach Position: Based at the Senior Resource Center, the position develops and maintains virtual programs for the SRC, which allows broader reach and service delivery. ($106,156) School Nurses: Reclassify two school nurses into school nurse leads and provide one school nurse supervisor through the county’s Health and Human Services Department, in addition to the school nurses that the county already provides at each school. ($211,892) Afterschool Transportation: Providing New Hanover County Schools students with transportation needs for afterschool and tutoring programs ($91,000) Health Educato...
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Mortgage Assistance. For a period of three years following your purchase of a home on Long Island (the "Long Island Home"), the Company will pay you a mortgage assistance allowance equal to $50,000 per annum, payable in equal monthly installments. The foregoing is subject to your continued employment with the Company during such three-year period. If (A) your employment terminates "without cause" (as defined in Section 4(e) hereof), (B) you terminate your employment for "good reason" (as defined in Section 4(d) hereof), or (C) upon a "Change of Control" (as defined in Section 7 hereof) prior to the end of such three-year period, you will continue to receive such mortgage assistance allowance on the terms described in this section provided that you remain resident in the Long Island Home.
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Mortgage Assistance.  Financial assistance to allow a homeowner to reinstate a mortgage  Mortgage principal reduction on a first mortgage (in an amount not to exceed delinquency plus applicable fees)  Mortgage principal reduction on a second mortgage provided by a nonprofit or government entity, whether or not the second mortgage is forgivable or non-interest bearing (in an amount not to exceed delinquency plus applicable fees)  Payment assistance for delinquent property taxes to prevent homeowner tax foreclosures  Payment assistance for down payment assistance loans provided by nonprofit or government entities  Facilitating mortgage interest rate reductions (in an amount not to exceed delinquency plus applicable fees) as part of a larger mortgage modification solution  Payment assistance for other housing related costs related to reinstating the loan after a period of forbearance, delinquency, or default
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Mortgage Assistance. Payments of PITI for up to fifteen (15) months (twenty-four (24) months for applications initiated on or after October 1, 2013). • Restore – One-time payment not to exceed fifteen (15) months of assistance (twenty-four (24) months for applications initiated on or after October 1, 2013). •
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Mortgage Assistance. The CSM can help you identify national mortgage lenders and assist you with understanding the myriad of options available. These lenders may also provide direct billing of your approved reimbursable closing costs to Executive Relocation. Your assigned real estate agent can also be very helpful.
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Mortgage Assistance. For a period not to exceed 12 months, the company will pay the lesser of the two (2) mortgage payments (New residence or Old residence). To qualify and be eligible for continuing payments, you must: 1) Be actively marketing the property for Sale by a licensed Real Estate Firm, 2) The Real Estate Firm must have written authority to discuss the sale of the property with representatives of the Company, 3) The property must be maintained in good, clean selling appearance, inside and out, 4) Any damage by storm, vandals or other acts must be immediately repaired at your expense. Any reduction in the mortgage principal balance during the time the company is making mortgage payments on your behalf shall be used to offset the total expense incurred during the relocation and be treated as part of the direct payments by Kash n' Xxxxx Food Stores, Inc. to you for covered expenses. TEMPORARY BRIDGE LOAN To expedite your relocation, the company will provide an interest free bridge loan, payable immediately on the sale of the old residence. The bridge loan shall be for up to 75% of the equity value in the "old" residence, not to exceed $50,000.00. The equity value shall be determined by the average of at least two (2) Market Analysis reports submitted by independent, licensed Real Estate Brokers, minus the current mortgage principal balance as certified in writing by your mortgage company. A promissory note must be signed and a Deed of Trust against the new property may be required. Repayment of the bridge loan is required immediately at the time of Closing/Settlement on the old residence. RELOCATION OF SPOUSE/FAMILY Generally one (1) round trip airfare will be provided for your spouse to "house xxxx" in the area. This expense is evaluated on an individual basis. We assume that the employee, spouse and family will drive to the area for the relocation. During this travel, expenses for motel(s), meal(s) and gasoline are covered based on submission of receipts for actual expense incurred. Meals are covered at the rate of $12.00 per day per family member. TRANSITION EXPENSE/TEMPORARY HOUSING We will cover temporary housing during relocation for you for up to sixty (60) days. Should you be housed in a location that does not offer kitchen facilities, we provide $60.00 per week allowance for meals. No receipts are necessary should this arrangement be necessary. If kitchen facilities are available no food allowance is provided. LAUNDRY EXPENSE Laundry expenses are covered, when...
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Mortgage Assistance. Payments of PITI for up to fifteen (15) months (twenty-four (24) months for applications initiated on or after October 1, 2013). • Restore – One-time payment not to exceed fifteen (15) months of assistance (twenty-four (24) months for applications initiated on or after October 1, 2013). • Tax Lien Extinguishment – One-time payment equal to the delinquent real property taxes. If eligible, homeowners may participate in one or more components. For example, if a program participant receives LifeLine assistance to bring his/her mortgage current after a six (6) month delinquency, the participant may still be eligible for up to nine (9) months of Mortgage Assistance payments, as long as the total amount of assistance does not exceed $32,385 and the total duration does not exceed fifteen (15) months ($38,400 and twenty-four (24) months, respectively for applicants on or after October 1, 2013). Additionally, participants who enroll as unemployed borrowers and regain employment while receiving assistance from HomeSaver, but at a wage that is 75% or less of their pre- hardship employment wage, can continue to receive assistance as underemployed borrowers, assuming all eligibility criteria are met, including gross income at or under 120% of AMI and such that the monthly mortgage payment (PITI) is greater than 38% of the participant’s gross monthly income (LifeLine and Mortgage Assistance).
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Related to Mortgage Assistance

  • Financing Assistance O&M Contractor shall cooperate with Owner in connection with Owner’s efforts to obtain and maintain any Financing. Without limiting the generality of the foregoing, O&M Contractor: (a) shall execute such typical documents as an operations and maintenance contractor executes in a project finance transaction or as Owner reasonably requests in connection with obtaining and maintaining any Financing, including a consent to assignment and any certifications and opinions required with respect to the Financing in form and substance reasonably acceptable to O&M Contractor, Owner and the Project Lender; (b) shall deliver to Owner and the Project Lender information customarily provided in connection with a project financing in format and content mutually acceptable to the Parties regarding the financial capability of O&M Contractor and shall facilitate reasonable inspections of the Site; (c) shall, at Owner’s reasonable request, attend and participate in presentations to actual and potential Project Lenders; (d) hereby authorizes Owner to (i) provide this Agreement to potential Project Lenders (subject to Section 17.5), and (ii) include a description of the material provisions of this Agreement in any offering circular or document required for the Financing and/or, if the Financing must be registered or otherwise disclosed in accordance with Applicable Law, that Owner may, after consultation with O&M Contractor, file this Agreement as an exhibit to such registration statement or other disclosure; (e) at Owner’s request, shall reasonably cooperate with the independent engineer and any rating agencies or credit enhancement entities associated with a Financing; (f) at Owner’s request, shall reasonably cooperate in connection with tax-exempt Financing or any Financing or other arrangements effected to reduce taxes on the Project or the work, which cooperation shall not include, or be considered or deemed to be, tax advice or planning; and (g) shall provide Owner and the Project Lenders with legal opinions of counsel regarding the execution, delivery and validity of this Agreement, absence of conflicts, and the legal status of O&M Contractor, as Owner or any Project Lender may reasonably request in connection with obtaining and maintaining the Financing, provided that Owner shall reimburse O&M Contractor for any third-party expense reasonably incurred in providing such opinions.

  • Educational Assistance To qualify for reimbursement, an employee must be a regular employee upon enrollment. To be approved, the courses described below must be related to the employee's present position or career development:

  • Legal Assistance The Board shall give full support including legal and other assistance for any assault upon the employee while properly acting in the discharge of his/her duties.

  • Emergency Assistance Both Parties shall exercise due diligence to avoid or mitigate an Emergency to the extent practical in accordance with applicable requirements imposed by the Standards Authority or contained in the PJM Tariffs and NYISO Tariffs. In avoiding or mitigating an Emergency, both Parties shall strive to allow for commercial remedies, but if commercial remedies are not successful or practical, the Parties agree to be the suppliers of last resort to maintain reliability on the system. For each hour during which Emergency conditions exist in a Party’s Balancing Authority Area, that Party (while still ensuring operations within applicable Reliability Standards) shall determine what commercial remedies are available and make use of those that are practical and needed to avoid or mitigate the Emergency before any Emergency Energy is scheduled in that hour.

  • Rental Assistance (Subsidy) Rental assistance will be provided to Eligible Households who pay 30% of their monthly net income, including Florida unemployment benefits, towards their monthly rent and have experienced a loss of job or income due to COVID-19.

  • Tuition Assistance Bargaining unit employees can enroll in university or college, vocational technical school or extension courses. The course may be by correspondence or attendance at classes during non-working hours or during working hours with approval of the Agency Head and/or his/her Designee. Where practicable, in relation to work requirements, the Employer shall be liberal with the approval of requests for accrued/unused vacation leave, flex-time scheduling, compensatory time, or leave without pay for the purpose of enabling employees to attend classes conducted during an employee's regularly scheduled work hours.

  • Relocation Assistance The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, (42 U.S.C. § 4601), prohibits unfair treatment of persons displaced or whose property has been acquired because of Federal or Federal-aid programs and projects.

  • Employee Assistance Drug and alcohol counseling, rehabilitation, and employee assistance are available from or through the Employer’s employee assistance program provider(s) (E.A.P.).

  • FDIC Open-Bank Assistance All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

  • Additional Assistance The Borrower shall provide such cooperation, information and assistance, and prepare and supply the Administrative Agent with such data regarding the performance by the Issuing Insurance Companies of their obligations under the Pledged Policies and the performance by the Borrower of its obligations under the Transaction Documents, as may be reasonably requested by the Administrative Agent from time to time.

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