On February 19, 2016, the U.S. Department of Treasury announced that Michigan will receive an additional $74.5 million in funding to help more homeowners prevent foreclosure and stabilize communities.

The Michigan State Housing Development Authority (MSHDA) anticipates reopening its Step Forward Michigan foreclosure prevention program to new applicants in the second quarter of 2016 (April through June).

When that happens, all homeowners in need of assistance will be able to register at www.stepforwardmichigan.org  and submit the complete application package. Applications already submitted prior to January 31, 2016, will continue to be processed on a first-come, first-serve basis until original program funding is fully exhausted.

Since July 2010, the Step Forward Michigan program has assisted more than 30,000 homeowners who were unemployed, underemployed, delinquent on their mortgage, property taxes or condominium association dues, or who owed more than the value of their home.