Hardest Hit Funds (HHF): Principal Reduction/Florida, Other States

Many states have Hardest Hit Funds (HHF) available for principal reduction for underwater homeowners who are current on their mortgage. Florida is one of those states. Additional programs are also available. Click on your state below to link to that states Hardest Hit program. Then, search for Principal Reduction.

Hardest Hit Fund (HHF) programs

Early in 2010, the U.S. Treasury announced that the Hardest Hit Fund® program would provide more than $7.6 billion in aid for homeowners in states hit hardest by the economic crisis. Since then, state housing finance agencies have used the fund to develop programs that stabilize local housing markets and help families avoid foreclosure. Hardest Hit Fund programs complement the Making Home Affordable Program but are not limited to homeowners eligible for Making Home Affordable.

Hardest Hit Fund programs vary state to state, but may include:

  • Mortgage payment assistance for unemployed or underemployed homeowners
  • Principal reduction to help homeowners get into more affordable mortgages
  • Funding to eliminate homeowners' second lien loans
  • Help for homeowners who are transitioning out of their homes and into more affordable places of residence.

In total, $7.6 billion have been allocated to 18 states plus the District of Columbia. If you live in one of these states or DC, contact your housing finance agency's program office:

For more information, visit Treasury's Hardest Hit Fund page or contact your state housing finance agency.