Illinois COVID-Related Mortgage Relief Program to Reopen November 1 | Local News

SPRINGFIELD — The state will reopen a mortgage relief program for homeowners affected by the pandemic on Nov. 1.

The Illinois Homeowner Assistance Fund, administered by the Illinois Housing Development Authority, provides up to $30,000 in assistance to homeowners through payments made directly to mortgage agents, tax agencies, or other approved entities.

The program is funded by a US Federal Bailout Act credit and can be used for past due mortgage payments and up to three months of future payments. Funding can also be used for delinquent property taxes, home insurance, condo or homeowners association fees, and mobile home lot rent.

Funds received do not need to be refunded.

More information is available at illinoishousinghelp.org/ilhafand the application portal will be open from November 1 to the end of January 2023.

“The State of Illinois is committed to ensuring that homeowners struggling with this terrible pandemic can stay in their homes,” IHDA Executive Director Kristin Faust said in a statement. hurry. “We have designed the ILHAF program to ensure that the most vulnerable households are prioritized to avoid lockdown to ensure they have the opportunity to be current on their monthly housing expenses.”

To be eligible, Illinois homeowners must:

  • Having experienced financial hardship due to the COVID-19 pandemic after January 21, 2020, or hardship that began before that date and continued thereafter.
  • Currently owning and occupying the home in-state as your primary residence.
  • Be at least 30 days behind on their monthly housing payment.
  • Have a household income equal to or less than 150% of the median income of the region.
  • Be able to demonstrate that they have either contacted their mortgage lender about their inability to pay or sought advice from a federally licensed counseling agency.

People who participated in a previous round of mortgage relief can reapply in the next round, but the maximum amount a person can receive is $30,000 cumulatively.

As of September 22, the state had approved $20.5 million in aid under the program with 1,840 applications approved, according to IHDA. The average assistance was $12,732 per household. Another 3,721 requests had been submitted to the server, 1,485 were under review and 6,948 had been denied.

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

Illinois Capitol News is a nonpartisan, nonprofit news service covering state government, funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.