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Illinois resumes COVID-related mortgage assistance

Illinois resumes COVID-related mortgage assistance

Illinois resumes COVID-related mortgage assistance

The program is funded through an appropriation from the federal American Rescue Plan Act and can be used for past-due mortgage payments and up to three months of future payments. The money can also be used to pay for delinquent property taxes, homeowner’s insurance, condominium or homeowner association fees, and mobile home lot rentals.

There is no need to repay the money received.

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More information is available at ilinoishousinghelp.org/ilhafAnd the application portal will be open from 1st November till the end of January 2023.

“The state of Illinois is committed to ensuring that homeowners struggling because of this terrible pandemic can stay in their homes,” IHDA executive director Kristin Faust said in a news release. “We designed the ILHAF program to ensure that the most vulnerable families are given priority to ensure that they are given the opportunity to turn on their monthly housing expenditure.”

To qualify, Illinois homeowners must:

  • Have experienced financial hardship due to the COVID-19 pandemic after January 21, 2020, or a hardship that began before that date and continued thereafter.
  • Presently owning and occupying the house as their primary residence in the state.
  • There should be a delay of at least 30 days in their monthly housing payment.
  • Household income is 150 percent or less of the region’s median income.
  • Be able to demonstrate that they have either communicated with their mortgage provider their inability to pay or sought counseling with a federally approved counseling organization.

Individuals who participated in a previous round of mortgage assistance can reapply in a subsequent round, but the maximum amount an individual can receive is $30,000 cumulatively.

According to the IHDA, as of September 22, the state had approved $20.5 million in aid through the program, with 1,840 approved applications. The average aid amount per household was $12,732. Another 3,721 applications were submitted to the Sewadar, 1,485 were under review, and 6,948 were rejected.

IHDA and its housing partners will hold information sessions on the program, and a program is posted online ilinoishousinghelp.org, Information can also be obtained by contacting the ILHAF hotline at 1-866-454-3571.

Capital News is a non-profit, non-partisan news service covering the state government of Illinois that is distributed in more than 400 newspapers across the state. It is primarily funded by the Illinois Press Foundation and the Robert R. McCormick Foundation.

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