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DC Relaunches Reverse Mortgage T&I Program

DC Relaunches Reverse Mortgage T&I Program

The District of Columbia Housing Finance Agency will provide up to $40,000 under its Reverse Mortgage Insurance & Tax Payment Program (ReMIT) to help eligible homeowners pay delinquent property taxes, homeowner’s insurance, and HOA/condo fees that put them at risk of foreclosure.

ReMIT was developed as a pilot program in 2019 to address the need for foreclosure prevention among senior District homeowners who have reverse mortgages.

By the numbers: Between 2019 and 2021, senior homeowners received nearly $200,000 in assistance.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.