New State Resources for Renters & Homeowners

The Illinois Housing Development Authority has launched two new programs to provide resources for renters and homeowners:

1) Emergency Rental Assistance -- This provides renters impacted by COVID-19 with $5,000 for back rent or prepaying rent in 2020.

  • Applications are open from August 10 to August 21

  • Applicants must be below 80% Area Median Income

  • Applicants must have unpaid rent incurred after March 1st related to COVID-19 income loss

  • Applications will be drawn randomly, not on a first-come, first-served basis

  • Payments will be made directly to landlords

  • Click here to learn more about the program

2) Emergency Mortgage Assistance -- This provides homeowners impacted by COVID-19 with $15,000 to reinstate their mortgage or prepaying in 2020.

  • Applications are open from August 24 to September 4

  • Applicants must be below 120% Area Median Income

  • Applicants must have a past due balance or forbearance incurred after March 1st related to COVID-19 income loss

  • Applicants must have less than $425,000 in mortgage balance & be in 1st lien/mortgage position

  • Applications will be drawn randomly, not on a first-come, first-served basis

  • Payments will be made directly to mortgage servicers

  • Click here to learn more about the program