ILLINOIS (WEHT) – The Illinois Housing Development Authority (IHDA) announced it is reopening a mortgage assistance program designed to help homeowners financially impacted by the pandemic on November 1.
“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 is why Illinois is so committed to helping residents stay in their homes,” said Lt. Governor Juliana Stratton.
Officials say whether homeowners have a mortgage, a reverse mortgage, or are mortgage-free, the program can fund past due housing payments and up to three months of prospective mortgage payments.
A press release says the program is free and funds do not need to be repaid. Application, program information and updates can be found at this website. Applications will be accepted until 11:59 p.m. on January 31, 2023.