The fund was established through the American Rescue Plan of 2021 to help prevent mortgage delinquencies, defaults, displacements and foreclosures due to COVID-19, and is managed by the North Carolina Housing Finance Agency.

For those who qualify, the fund offers housing payment assistance; assistance for mortgage reinstatement to catch up on late payments or other housing-related costs due to a period of forbearance, delinquency or default; and assistance covering other housing-related costs to prevent foreclosure.

Assistance of up to $40,000 is available for qualified homeowners as long as funding is available, and there is no cost required to participate. Visit nchaf.gov or call 1-855-MY-NCHAF to see if you or a loved one is eligible and apply.