Hardest Hit Fund Rhode Island (HHFRI) is a U.S. Treasury-funded effort to assist Rhode Island homeowners hardest hit by the foreclosure crisis. Rhode Island Housing was chosen to help administer the HHFRI program, which is designed to complement existing federal and lender programs. The program is available to eligible homeowners with a documented hardship.
The funding is intended to:
- Prevent foreclosures
- Stabilize the housing market in Rhode Island
- Keep families in their homes
Assistance is determined by your unique situation but generally breaks down into the following areas:
- Help to make your mortgage payment while unemployed or underemployed
- Help with mortgage arrearage which occurred as a result of financial hardship
- Help to make an immediate payment, such as unpaid property taxes
- Help to obtain a loan modification from your lender
- Assistance with relocation
Click here to learn more about the programs available through HHFRI.
How to Apply?
To learn more about the process for HHFRI assistance, we suggest you view our introductory video. When you are ready to begin the application process, click the “Click Here to Apply” button on the right-hand side of this page. Please note: the HHFRI application and lender acceptance process may take several months. Stay involved and up-to-date! Fill out all the required paperwork, return it to HHFRI, and keep in contact with your lender and HHFRI representatives throughout the process.
Obtaining HHFRI assistance is free of charge. You do not need to pay anyone to prepare or submit an application for HHFRI assistance. However, as part of the HHFRI agreement, you may be required to pay some portion of any mortgage delinquency, contractual monthly payment, or other mortgage-related obligations such as delinquent taxes or insurance.