New State Initiative Provides $100 Million In Mortgage Relief To Southern California Homeowners Who Lost Homes During Wildfires

KCAL News, CBS Los Angeles

Updated on: June 6, 2025

A new state initiative will provide $100 million in mortgage relief to Southern California homeowners who lost their homes during the Eaton and Palisades fires.

The CalAssist Mortgage Fund, administered by the California Housing Finance Agency, was announced at a news conference Thursday morning. The fund is designed specifically for people who lost their homes or whose homes were left uninhabitable due to the recent disasters between January 2023 and January 2025.

CalHFA said the Eaton and Palisades fires destroyed more than 6,300 homes and caused millions of dollars' worth of damage to over 1,500 structures, including businesses. The fund will provide eligible homeowners with grants up to $20,000.

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