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In response to the unprecedented hardship of the COVID-19 pandemic, the American Rescue Plan Act (ARPA) established the U.S. Treasury’s Homeowner Assistance Fund (HAF) to provide funding to prevent:
- mortgage delinquencies and defaults,
- foreclosures, loss of utilities or home energy services, and/or
- displacement of homeowners experiencing financial hardship after January 21, 2020.
Recognizing a need, IEM developed HousingAssistIQ™, or HAIQ™, a low-code digital solution to help communities prevent a housing instability crisis and distribute the authorized $10 billion in HAF programs relief to homeowners in need.
HousingAssistIQ™ was designed to manage the considerable numbers of applications from affected individuals, as well as efficiently move homeowners through the aid process to ensure those in need received funds before it is too late.
Thousands of Foreclosures Avoided