What is the Principal Program?

The Principal Reduction program provides assistance to eligible homeowners who have remained current on their payments and who owe at least 115 percent more on their home than its current market value, commonly referred to as the home being “underwater.”

The Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program is designed to assist eligible homeowners by providing up to $50,000 to reduce the principal balance of the first mortgage, thereby reducing the loan-to-value (LTV) of the first mortgage to no less than 100 percent.[/ezcol_1third] [ezcol_1third]

How do I apply or find out if I’m eligible?

Florida homeowners may apply for the Florida HHF-PR Program using the web-based, online application system at www.PrincipalReductionFLHHF.org. The site contains all the information a homeowner needs to apply, including detailed eligibility criteria, step-by-step prompts and answers to frequently asked questions (FAQs).

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Applications for Florida Hardest-Hit Fund Programs has closed.


Crisis Housing Solutions is an approved HHF Advisor Agency. After reviewing the Principal Reduction benefits/guidelines and eligibility criteria on the official Principal Reduction website, if you have any questions, you may contact us at (954) 797-2079.[/ezcol_1third_end]