"The New Normal" - Part III: HUD Earmarks $46.6 Million Aid For Virginia Homeowners At Risk of Foreclosure Due to Unemployment or Illness

The US Department of Housing and Urban Development has an Emergency Homeowners Loan Program that offers up to $50,000 to eligible borrowers at 0% interest rate for up to 24 months.  The $1 Billion program was announced in August, but the details were released on Tuesday, October 6.   Virginia is #9 in $ on the list of 32 states eligible for this program.  Designed for "low- to middle-income