As communities and organizations continue to reckon with the impact of the Los Angeles-area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost.

California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on June 12. It will “provide grants up to $20,000 to homeowners whose homes were destroyed or left uninhabitable in recent fire, floods, and other disasters,” according to a statement from the governor’s office. “This details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com