Illinois homeowners can get up to $30,000 in mortgage relief

The state’s Department of Housing Development is resuming mortgage assistance programs for homeowners affected by the pandemic.

The Illinois Homeowners Assistance Fund (ILHAF) will begin on Tuesday, November 1, providing up to $30,000 in mortgage assistance to eligible homeowners. This is paid directly to the servicer, taxing agency, or other approved entity. Homeowners are working to get their financial base back. .

Whether the homeowner has a mortgage, a reverse mortgage, or no mortgage, the program helps pay for delinquent mortgage payments and prospective homes for up to three months. You can fund loan payments.

The program is free and no funds need to be repaid. Applications, program information, and updates can be found at illinoishousinghelp.org. Applications will be accepted until 23:59 on Tuesday, January 31, 2023.

“Illinoisans don’t have to choose between paying a mortgage or putting food on the table,” Gov. J.B. Pritzker said. provided much-needed relief to

To be eligible for assistance, Illinois homeowners must have experienced financial hardship due to the COVID-19 pandemic after January 21, 2020 (starting January 21, 2020 (including difficulties that began before and continued thereafter).

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You must also currently own a home in Illinois as your primary residence, be at least 30 days behind on your monthly mortgage payments, and have a household income no greater than 150% of the regional median income .

IHDA Executive Director Christine Faust said, “The State of Illinois is committed to helping homeowners who are struggling because of this horrible pandemic to stay home.” We designed the ILHAF program to prioritize the most vulnerable households to ensure that vulnerable households are given the opportunity to avoid foreclosure and stay up to date with their monthly housing costs.”

Potential applicants must certify that they have informed their mortgage provider of their inability to pay or have consulted a HUD-approved counseling organization.

Interested homeowners are strongly encouraged to attend an information session hosted by the IHDA or housing partner.Session schedule posted onlineIf you do not have access to a computer or internet, please contact the ILHAF Hotline at 1-866-IL-HELP (866-454-3571).

Homeowners who received assistance in previous rounds of ILHAF can apply for additional assistance in this round. However, the maximum amount of support we can provide to an applicant in both rounds is $30,000 in total.

ILHAF is funded through the budget of the Federal American Rescue Plan Act of 2021 signed in March 2021. A $1.9 trillion economic stimulus package aims to hasten the recovery from the COVID-19 pandemic.

$386.9 million was allocated to Illinois and allocated to IHDA by the Illinois Legislature.

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