
New state initiative provides $100 million in mortgage relief to Southern California homeowners who lost homes during wildfires
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.
"It's a beacon of hope, something I know many in this area are looking for," LA County Supervisor Kathryn Barger said. "It offers timely, meaningful relief and a path forward for those struggling to get on their footing."
The CalHFA said applications will be reviewed in the order they are submitted, and funds will only be available until they are exhausted.
The applications will open on June 12 and the program is free. Homeowners do not need to repay their grants. Any grants given to a homeowner will go straight to the mortgage servicer.
"You can be using this grant of funds in combination with other assistance funds that you have received since the disaster or will be receiving," said Rebecca Franklin, chief deputy director of CalHFA.
Eligibility criteria include:
The applicants' primary residence was destroyed or became uninhabitable due to a qualified disaster from Jan. 1, 2023, through Jan. 8, 2025
The applicant meets the program income limits
The applicant has a mortgage or a reverse mortgage
The applicant owns a single-family home, condo, or permanently affixed manufactured home
"This program is part of CalHFA's overall plan to help Californians rebuild their homes with the least amount of pain as possible," CalHFA said.
More information about the CalAssist Mortgage Fund can be found using this link.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Dan Ives Calls Microsoft 'Scottie Scheffler Of Software' Ahead Of Earnings — Says Satya Nadella-Led Cloud Giant Is Firing On All Cylinders In AI Boom
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Wedbush Securities analyst Dan Ives compared Microsoft Corp. (NASDAQ:MSFT) to world No. 1 golfer Scottie Scheffler ahead of the tech giant's fourth-quarter earnings release Wednesday after market close. What Happened: 'We expect more good news next week from Redmond as Nadella & Co. will deliver another robust quarter driven by the AI Revolution,' Ives wrote on X Friday. 'The Scottie Scheffler of software is firing on all cylinders as this cloud stalwart is front and center as the core AI enterprise foundation.' The comparison references Scheffler's dominant performance in professional golf. The 29-year-old American has held the world No. 1 ranking for over 100 weeks and won four major championships, according to the Official World Golf Ranking. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Microsoft trades at $510.80, with analysts setting a consensus price target of $551.07 based on 30 ratings. Citigroup issued the highest target at $613 while JPMorgan set the lowest at $475 in May. Ives maintains an Outperform rating with a $600 price target, calling it 'probably conservative.' He projects Microsoft will join Nvidia Corp. (NASDAQ:NVDA) in the $4 trillion market cap club this summer, with potential for $5 trillion within 18 months. Why It Matters: The Redmond-based company faces scrutiny over workforce decisions. Vice President JD Vance criticized Microsoft for laying off 9,000 American workers while increasing H-1B visa applications. CEO Satya Nadella addressed the cuts in an employee memo Thursday, saying the decisions 'weigh heavily' on him. Despite layoffs, Microsoft expanded its AI team by hiring approximately 24 employees from Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) DeepMind division. Ives expects over 70% of Microsoft's installed base to adopt AI functionality within three years, potentially adding $25 billion in revenue by fiscal 2026. Microsoft allocated $80 billion in capital expenditure guidance for fiscal 2025 to expand data center capacity and capitalize on AI demand trajectory. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image via Shutterstock This article Dan Ives Calls Microsoft 'Scottie Scheffler Of Software' Ahead Of Earnings — Says Satya Nadella-Led Cloud Giant Is Firing On All Cylinders In AI Boom originally appeared on
Yahoo
28 minutes ago
- Yahoo
Puerto Rico Lottery results: See winning numbers for Pega 2, Pega 3 on July 25, 2025
The Puerto Rico Lottery offers several draw games for those aiming to win big. Lottery players in Puerto Rico can choose from popular national games like the Powerball, which is available in the vast majority of states around the U.S. Other games include the Pega 2, Pega 3, Pega 4 and more. Big lottery wins around the U.S. include a lucky lottery ticketholder in California who won a $1.27 billion Mega Millions jackpot in December 2024. See more big winners here. And if you do end up cashing a jackpot, here's what experts say to do first. Here's a look at Friday, July 25, 2025 results for each game: Winning Pega 2 numbers from July 25 drawing Day: 4-1, Wild: 6 Noche: 6-9, Wild: 9 Check Pega 2 payouts and previous drawings here. Winning Pega 3 numbers from July 25 drawing Day: 9-6-1, Wild: 6 Noche: 7-9-8, Wild: 9 Check Pega 3 payouts and previous drawings here. Winning Pega 4 numbers from July 25 drawing Day: 8-7-5-0, Wild: 6 Noche: 3-9-9-4, Wild: 9 Check Pega 4 payouts and previous drawings here. Feeling lucky? Explore the latest lottery news & results When are the Puerto Rico Lottery drawings held? Powerball: 11:59 p.m. Monday, Wednesday and Saturday. Pega 2, 3, 4: 2 p.m. (Day) and 9 p.m. (Night) daily. Revancha X2: 9 p.m. Monday, Wednesday and Friday. Loto Cash: 9 p.m. Monday, Wednesday and Friday. Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network. Where can you buy lottery tickets? Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets. You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer. Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. GAMBLING PROBLEM? CALL 1-800-GAMBLER, Call 877-8-HOPENY/text HOPENY (467369) (NY). 18+ (19+ in NE, 21+ in AZ). Physically present where Jackpocket operates. Jackpocket is not affiliated with any State Lottery. Eligibility Restrictions apply. Void where prohibited. Terms: This results page was generated automatically using information from TinBu and a template written and reviewed by a USA Today editor. You can send feedback using this form. This article originally appeared on USA TODAY: Puerto Rico Lottery results, winning numbers: Pega 2, Pega 3, more
Yahoo
28 minutes ago
- Yahoo
Larry Ellison to Hold 35.5% of Family's Voting Rights in New Paramount, National Amusements After Skydance Merger Closes
Upon closing of Paramount Global and Skydance Media's $8 billion merger, Oracle co-founder and chairman Larry Ellison will hold a minority voting interest of approximately 35.5% in the combined company. When Skydance first submitted its broadcast license transfer application to the FCC in September, the initial filing stated that the Skydance investor consortium would hold 100% of the equity and voting interests in National Amusements Inc., the holding company for Paramount's controlling stake. More from TheWrap Larry Ellison to Hold 35.5% of Family's Voting Rights in New Paramount, National Amusements After Skydance Merger Closes Paramount-Skydance Merger Expected to Close Aug. 7 As FCC Clears Paramount-Skydance Deal, All Eyes Are on Rebuilding the Media Giant As Skydance-Paramount Merger Closes, the 'South Park' Trump Takedown Shows the Fight Is On | Analysis Pinnacle Media, a group of three ventures formed 'as special-purpose vehicles to hold the Ellison family's interest in NAI and Paramount,' was set to control approximately 77.5% of such interests, while RedBird Capital Partners was expected to hold the remaining approximately 22.5%. The move signaled that the elder Ellison was poised to have a large role in New Paramount. But that was later amended in October, with Skydance stating that David Ellison would control 100% of the family's voting interest as its 'sole manager.' Now, according to the final order released by the Federal Communications Commission on Thursday, another amendment was made to Skydance's application on July 16, which states that the younger Ellison will grant Sayonara LLC, which is controlled by the elder Ellison through a revocable trust, a voting interest equal to approximately 35.5%. Meanwhile, Pinnacle Media will grant the younger Ellison 64.5% of its respective voting interest in NAI. In accordance with the voting percentages, David Ellison and Sayonara will have the right to designate the Ellison family directors of NAI and New Paramount. The amendment notes that Sayonara will not have any 'veto rights, or any special or outsized voting rights,' in NAI or New Paramount as a result of the minority voting interest. It added that the changes were being undertaken for 'the sake of efficiency and cost savings at New Paramount.' Under the two-step deal, Skydance is set to acquire controlling shareholder Shari Redstone's holding company National Amusements, which controls 77.4% of the Paramount Class A common stock outstanding and approximately 9.5% of the overall equity of the company, before merging with the Hollywood studio. The deal provides $2.4 billion for Redstone, $4.5 billion to non-NAI Paramount shareholders and an additional $1.5 billion in new capital to help pay down debt and recapitalize the company's balance sheet. Larry Ellison is providing $6 billion in financing for the deal, while the remainder will come from RedBird. Skydance's consortium of investors will control 70% of shares outstanding. The combined company will have an enterprise value of $28 billion, while Skydance is being valued at $4.75 billion. David Ellison will serve as New Paramount's CEO, while Jeff Shell will serve as president. Redstone will exit Paramount's board of directors and Paramount co-CEO Chris McCarthy will exit the company following the deal's closing. The company's stock will also begin trading on the Nasdaq under the ticker symbol PSKY. Shares of Paramount closed down 1.58% at $13.05 apiece on Friday. The stock is up 13.8% in the past year and 23% year to date. As of the end of Friday's trading session, Paramount has a market capitalization of $9.19 billion. The post Larry Ellison to Hold 35.5% of Family's Voting Rights in New Paramount, National Amusements After Skydance Merger Closes appeared first on TheWrap.