IHDA Reopening Assistance Program for Mortgages

CHICAGO, Ill. (WIFR) — The Illinois Housing Development Authority (IHDA) on Wednesday announced the reopening of a mortgage relief program designed to help Illinois residents get back on their feet.

The Illinois Homeowners Assistance Fund (ILHAF) is providing up to $30,000 in mortgage assistance to eligible homeowners working to regain their financial footing after the pandemic.

“No Illinoisan should have to choose between paying their mortgage and putting food on the table,” Gov. JB Pritzker said of the mortgage relief program.

Starting Tuesday, November 1, homeowners can submit mortgage relief applications. The deadline for applicants is 11:59 p.m. on Tuesday, January 31, 2023.

Information and updates on the free program can be found at illinoishousinghelp.org.

To be eligible, homeowners must show proof of financial hardship due to the COVID-19 pandemic after January 21, 2020, currently own and occupy their Illinois home as their primary residence, and have at least 30 days of falling behind on their monthly housing payments with a total household income at or below 150% of the area median.

Owners who participated in the previous ILHAF cycle can still apply for additional support for this cycle. The maximum total assistance cannot exceed $30,000.

“Having a roof over your head is one of the pillars of feeling safe and having a positive quality of life. The lingering economic impact of the pandemic is still being felt, especially when it comes to housing. That’s why Illinois is so committed to helping residents stay home,” said Lt. Governor Juliana Stratton.