Illinois Offering More Than $300M In Housing Assistance


The State of Illinois is providing more than $300 million in aid to homeowners who have fallen behind on their monthly housing payments due to Covid-19. The Illinois Homeowner Assistance Fund gives each eligible applicant up to $30,000.00 to offset housing costs such as past-due mortgage payments, property taxes, and insurance. Online applications are available for homeowners and the deadline for applications is the end of this month.

For more information on getting a grant and also learning about refinance programs, take a look at this.

“As we continue to recover from the pandemic, many households are facing overdue mortgage payments, which can lead to foreclosure, housing insecurity, and displacement,” state Rep. Sam Yingling, D-Grayslake, said in a statement. These grants “will help those at the greatest risk of foreclosure receive the aid they need to keep their homes.”

Assistance will be sent directly to the mortgagor’s loan servicer, taxing agency, or other approved body on behalf of the homeowner. Homeowners who have been disproportionately affected by the pandemic will receive priority in money distribution.

The funds can be used for:

  • Delinquent mortgage payments
  • Mortgage reinstatement or other housing-related costs related to a period of forbearance necessitated by the pandemic
  • Delinquent property taxes
  • Delinquent homeowner’s insurance and/or flood insurance
  • Delinquent Homeowners’/Condominium/Co-Op Association fees
  • Delinquent mobile home lot rent
  • Up to 3 months of prospective payments, if necessary

For more information on how to apply for housing assistance and to view an online webinar detailing the application process, visit the ILHAF official site. If you have any questions, please contact the ILHAF call center at (866) 454-3571. Keep in mind, that the deadline to apply is May 31.

For more information on getting a grant and also learning about refinance programs, take a look at this.

Chris has been in the marketing industry for well over a decade. Chris loves writing about anything related to saving money. A passion for teaching people through writing has given him a unique opportunity to use his skills in the marketing industry. In his spare time he likes spending time with his family. training his new puppy, and taking long road trips to places like Banff & Lake Louise, Alberta.
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