The Transition Assistance Program (“TAP”) is one of CalHFA MAC’s
federally-funded programs developed to provide eligible homeowners
with transition assistance after a short sale when it is determined that they can no longer
afford their home.
TAP will be used in conjunction with short sale and deed-in-lieu
programs to help homeowners make a smooth transition to housing.
Homeowners will be required to occupy and maintain the property until
the home is sold or returned to the lender as negotiated.
Program funds will be available on a one-time only basis up to $5,000
per household and can be used or layered with other CalHFA MAC
Funds are intended to help the homeowner secure new housing
(e.g., rent, moving expenses, and security deposits) and will also be
available for transition assistance counseling services. Funds are limited and homeowners are encouraged to apply now.
HomeStrong USA is an approved provider of Keep Your Home California’s Transition Assistance Program.
* General program eligibility is determined by CalHFA MAC, the housing counselor or servicer based on information received from
the homeowner. Program-specific eligibility is determined by CalHFA MAC on a first-come/, first-approved basis until program funds and funding reserves have been exhausted. Loan servicer will implement the HHF program based on participation agreement terms and conditions. Funding allocation will be tracked, monitored and performed by CalHFA MAC in a centralized processing operation.
** Low-to-moderate income of 120% or less of HCD Area Median Income (as defined by the California State Department of Housing and Community Development), for a family of four, in the county where the homeowner resides.