Emergency Mortgage Assistance Program

Sean Crawford reports:

Illinois launched a new Emergency Mortgage Assistance program for those struggling to make payments due to the pandemic.

The program provides grants of up to $15-thousand for those who qualify. There are income guidelines. Also, the homeowner must have been current on payments through February and an adult in the household must have experienced a loss of income after that time.

No re-payment is required. A survey through the U.S. Census finds over 1 in 10 Illinois homeowners have little to no confidence they can make thier September mortgage payment.

Illinois also extended the sign up for rental assistance through this week. Funding for the programs comes from federal coronavirus relief money. Applications can be found online, from the Illinois Housing Development Authority.