AUG 24: Mortgage Assistance Available
If you've lost income due to the pandemic, and are having trouble making your mortgage payments, the Illinois Housing Development authority may be able to help. They are currently taking applications for grants of up to $15,000. It is expected that up to 10,000 households across the state will receive grants. Apply by September 4 at ema.ihda.org.
AUG 18: Rent Assistance Deadline Extended
From the State Journal-Register: Because of damage caused by severe storms last week, the deadline to apply for assistance has been extended to Aug. 28. Landlords will have until August 30 to complete their portion of the aid assistance. (See next entry for details on the program.)
AUG 17, 2020: Rent Assistance
One of the issues discussed on tonight's Town Hall was that of evictions being brought on because of COVID-19. Here is information on how to apply for assistance.
COVID-19 $5,000 for back rent and prepay through 2020, or until funds are exhausted. If approved, payment will be wired directly to the landlord within 10 business days; or 15-20 days if by paper check. IHDA will accept applications for rental assistance August 10 through August 21.
The Emergency Mortgage Assistance (EMA) program will provide homeowners impacted by COVID-19 up to $15,000 to reinstate their mortgage and prepay through 2020 or until funds are exhausted. If approved, payment will be sent directly to the mortgage servicer approximately 7-10 days after the homeowner signs the Promissory Note. A second payment will occur up to one month after the first payment. IHDA will accept applications for mortgage assistance August 24 through September 4.
If interested in applying for rental or mortgage assistance, please visit https://era.ihda.org/for additional information on eligibility criteria.