COVID-19 has taken a toll on renters and homeowners in more ways than one. On Thursday, October 8, Commissioner Scott Britton joined President Toni Preckwinkle as Cook County announced the creation of the COVID-19 Mortgage Assistance Program.
"It is essential that we provide this type of relief and support to our homeowners to make sure they can stay in their homes and continue to be productive members of society. This entire concept is what I've been trying to work on throughout my 17 years in public service where homeownership and affordable housing has to be an essential priority of this County. I know it is the President's priority, it is mine and my fellow Commissioners' priority, and we must do better both for renters and homeowners," Commissioner Britton said.
The Mortgage Assistance Application is open from October 9th until October 16th, 2020.
Eligibility requirements include:
Homeowner in suburban Cook County
Have a COVID-19 related financial hardship
Income at or below $127,400 before and after the COVID-19 related financial hardship
Mortgage arrearage that occurred after March 27, 2020
Cannot have accepted any other CARES Act emergency mortgage assistance funding, such as IHDA mortgage relief
To learn more, and apply, visit COVID-19 Community Recovery Initiative's website.