| HUD No. 23-030 HUD Public Affairs (202) 708-0685 |
FOR RELEASE Wednesday February 8, 2023 |
FACT SHEET: BIDEN-HARRIS ADMINISTRATION KEEPS NEARLY TWO MILLION HOMEOWNERS IN THEIR HOMES AMIDST COVID-19 PANDEMIC
Since the start of the pandemic, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), has helped nearly 2 million homeowners keep their homes through COVID-19 forbearance and home retention resources.
Of those nearly 2 million homeowners, as of December 31, 2022:
- Over 1.8 million FHA borrowers received a forbearance due to a hardship created or exacerbated by COVID-19.
- Over 1 million of these borrowers have received a plan to enable the borrower to remain in the home by lowering a monthly payment or participating in another home retention option.
- Another 691,000 have cured or paid off their mortgage without need of a loss mitigation plan.
See below for a breakdown of support by state and racial and ethnic identity.
|
Race or Ethnicity
|
Received Assistance Through Forbearance
|
Received Home Retention Support
|
|
White
|
1,069,000
|
697,000
|
|
Hispanic
|
348,000
|
247,000
|
|
Black
|
365,000
|
259,000
|
|
Asian
|
42,000
|
28,000
|
|
Hawaiian
|
10,000
|
7,000
|
|
Native American
|
11,000
|
8,000
|
|
Total
|
1,845,000
|
1,245,000
|
|
State
|
Received Assistance Through Forbearance
|
Received Home Retention Support
|
|
Alaska
|
3,200
|
2,100
|
|
Alabama
|
30,800
|
19,900
|
|
Arkansas
|
15,300
|
10,000
|
|
Arizona
|
40,400
|
27,400
|
|
California
|
124,300
|
85,800
|
|
Colorado
|
28,800
|
20,100
|
|
Connecticut
|
26,100
|
17,800
|
|
District of Columbia
|
2,200
|
1,500
|
|
Delaware
|
8,700
|
6,000
|
|
Florida
|
165,800
|
108,800
|
|
Georgia
|
98,700
|
67,800
|
|
Hawaii
|
1,900
|
1,300
|
|
Iowa
|
10,300
|
6,700
|
|
Idaho
|
7,900
|
5,100
|
|
Illinois
|
80,500
|
53,900
|
|
Indiana
|
46,000
|
30,000
|
|
Kansas
|
13,200
|
8,800
|
|
Kentucky
|
18,300
|
12,200
|
|
Louisiana
|
37,500
|
24,100
|
|
Massachusetts
|
23,600
|
16,100
|
|
Maryland
|
60,700
|
42,100
|
|
Maine
|
4,300
|
2,900
|
|
Michigan
|
49,700
|
32,900
|
|
Minnesota
|
26,200
|
17,900
|
|
Missouri
|
32,800
|
21,400
|
|
Mississippi
|
16,700
|
10,900
|
|
Montana
|
3,100
|
2,100
|
|
North Carolina
|
49,300
|
33,300
|
|
North Dakota
|
2,600
|
1,800
|
|
Nebraska
|
8,000
|
5,400
|
|
New Hampshire
|
5,400
|
3,800
|
|
New Jersey
|
67,000
|
46,900
|
|
New Mexico
|
13,100
|
8,400
|
|
Nevada
|
23,800
|
16,700
|
|
New York
|
73,700
|
51,200
|
|
Ohio
|
66,100
|
44,000
|
|
Oklahoma
|
23,700
|
15,600
|
|
Oregon
|
12,500
|
8,600
|
|
Pennsylvania
|
70,800
|
47,000
|
|
Puerto Rico
|
23,100
|
14,400
|
|
Rhode Island
|
7,200
|
5,200
|
|
South Carolina
|
32,200
|
21,400
|
|
South Dakota
|
2,700
|
1,700
|
|
Tennessee
|
37,600
|
25,100
|
|
Texas
|
228,900
|
156,400
|
|
Utah
|
16,000
|
11,100
|
|
Virginia
|
50,700
|
35,100
|
|
Virgin Islands
|
100
|
100
|
|
Vermont
|
1,400
|
900
|
|
Washington
|
27,000
|
19,100
|
|
Wisconsin
|
15,500
|
10,400
|
|
West Virginia
|
5,900
|
3,900
|
|
Wyoming
|
3,400
|
2,300
|
|
Total
|
1,844,700
|
1,245,000
|