The Michigan Veterans Homeowners Assistance Program has announced that it plans to financially support service members and their families hit hard by the 2006-present mortgage foreclosure crisis. The funds will come from more than $95 million the state government received as part of a bank mortgage settlement.
Financial assistance is now available as a first-come, first-serve outreach; there is no ceiling limit currently set on the amount of assistance one individual can get. The program is able to help people rent a new place, or help with a home loan modification in order to save their home from foreclosure.
Also, a plan was just introduced in the Michigan legislature that would give a tax break for disabled vets.