SPRINGFIELD, Ill. – Eligible homeowners in Illinois have a chance to receive relief.
On Wednesday, the Illinois Housing Development Authority (IHDA) announced applications for homeowners financially impacted by the pandemic will be accepted beginning in April through the Illinois Emergency Homeowner Assistance Fund (ILHAF) program.
ILHAF will provide up to $30,000 in free assistance per homeowner paid directly to the servicer, taxing body or other approved entity on behalf of Illinois homeowners impacted by COVID-19 to prevent mortgage delinquencies, defaults and foreclosures to keep families safe and secure while they regain their financial footing.
The U.S. Department of the Treasury requires this assistance be used as a “last resort,” therefore struggling homeowners are federally required to seek other relief options prior to being eligible to apply for assistance through ILHAF in April.
Interested homeowners are strongly encouraged attend an information session hosted by IHDA or one of our housing partners.
Program information and updates can be found at illinois housing help dot org.