PORTFOLIO MANAGEMENT | COVID-19 RESPONSE
Q & A
Q: Will DCA consider waiving late fees for mortgage payments for properties where a number of Residents are not able to pay rent or paying rent late due to unemployment?
A: See interim policy below
Borrowers that are experiencing a financial hardship resulting from the COVID-19 emergency may submit a 30-day loan deferment request to DCA. To be eligible, the Borrower must request deferment during the “covered period,” which is from February 1, 2020 until March 31, 2021.
MULTI-FAMILY HOME LOAN DEFERMENT POLICY (Click Here)
*A link to the COVID-19 HOME Loan Deferment Request Form is located at the end of the policy notice*