The DCHFA's relaunch of the ReMIT program addresses the persistent need for assistance among senior reverse mortgage borrowers in D.C., highlighting community input.
Inflation caused the prior version's end, but community feedback led to the temporary revival of ReMIT, with a focus on supporting local seniors effectively.
Currently, there is no cutoff for assistance under ReMIT, with efforts to help seniors until new legislation is passed to ensure continuous support.
While a permanent revival of the ReMIT program is under consideration, the council has not yet set a date for discussions, possibly in 2024.
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