The Illinois Housing Development Authority is increasing assistance available to homeowners through the Illinois Hardest Hit program.
Effective April 1, the program's assistance will increase to $35,000, providing $10,000 more per family. The program helps homeowners who have gone through an income reduction from unemployment or underemployment through monthly assistance with mortgage payments and reinstatement assistance.
The program is funded through the U.S. Department of the Treasury and has helped over 7,000 homeowners in 94 counties, helping an average of 22 at-risk homeowners each day.
Over the next month, the following groups will be contacted by program employees to see if they qualify to have their assistance amended with the new cap:
Those who left the program or were denied prior to January 1 of this year, should contact the counselor they worked with to reapply. New applicants can apply at www.illinoishardesthit.org. An additional 100 families per month are expected to be eligible for assistance.
Anyone having trouble with paying their mortgage or who knows someone that is, can reach out to the Illinois Foreclosure Prevention Network by visiting www.keepyourhomeillinois.org or calling 855-KEEP-411.
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