Emergency Homeowners Relief Act of 1983

[AI summary unavailable — showing source text] Emergency Homeowners Relief Act of 1983 - Amends the Emergency Housing Act of 1975 to direct the Secretary of Housing and Urban Development to make emergency mortgage relief payments to mortgagees on behalf of certain delinquent mortgagors in a State when the unemployment rate for such State for any month is not less than eight percent. Discontinues such assistance when the unemployment rate in the State has declined to below eight percent on an average monthly basis for three consecutive months. Sets forth conditions for assistance eligibility which include requirements that: (1) the mortgage is not insured under the National Housing Act; (2) the mortgagor has incurred a substantial reduction in income as a result of circumstances beyond his or her control and he or she is unable to resume full mortgage payments; and (3) the Secretary has determined that assistance is necessary to avoid foreclosure and that the mortgagor will be able to resume making full mortgage payments within 24 months, repay such assistance, and pay the mortgage in full. Limits assistance payments to the amount needed to supplement the amount the mortgagor is capable of contributing. Directs the Secretary to …