The Foreclosure Moratorium and Homeowner Assistance Fund Coordination Temporary Amendment Act of 2025 aims to temporarily preserve foreclosure protections for homeowners who applied for assistance from the DC Homeowner Assistance Fund (DC HAF) program before September 30, 2022, and whose applications are still under review, pending approval, payment, or appeal. The bill prohibits the initiation or conduct of residential foreclosures during this period, provided that homeowners present proof of their application status. Additionally, it mandates that notices regarding the DC HAF program be sent to homeowners before any foreclosure actions are taken.
The legislation also outlines the requirements for sending foreclosure notices, ensuring that homeowners are informed about the potential for debt relief through the DC HAF program. It specifies that if a homeowner has submitted a financial assistance application before the deadline and can provide proof of its status, they will not be subject to foreclosure actions until their application is resolved. The act is set to take effect on October 16, 2024, and will expire after 225 days.