Governor Newsom Expands Mortgage Relief for California Wildfire Victims
California Governor Gavin Newsom has announced an expansion of the mortgage relief program for homeowners affected by the January 2025 wildfires in Los Angeles. The program now offers 12 months of mortgage relief, up to $100,000, which does not need to be repaid. This expansion is a significant increase from the previous three-month relief period. The announcement comes as many residents continue to struggle with rebuilding efforts, facing challenges such as insurance gaps, high construction costs, and regulatory hurdles. Newsom's office has emphasized that the state has waived numerous regulations to expedite rebuilding, but federal disaster relief remains a bottleneck. The relief program aims to alleviate financial burdens on affected homeowners, allowing them to focus on recovery and rebuilding.