- Emergency Housing Assistance Programs
- Coronavirus Relief Funds (CRF) Background
- The Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) allocated $3.5 billion in Coronavirus Relief Funds (CRF) to the State of Illinois.
- The Illinois General Assembly included a line-item in their FY2021 Budget (P.A. 101-0637) allocating $396 million in CRF to IHDA to fund affordable housing grants, for the benefit of persons impacted by the COVID-19 public health emergency, for emergency rental assistance, emergency mortgage assistance and subordinate financing, in the approximate amounts:
• $217 million statewide;
• $100 million specifically to meet the needs of people in disproportionately impacted areas, based on positive COVID-19 cases; and
• $79 million for providers in areas that did not receive direct CRF allotments
(Excludes: City of Chicago and Cook, DuPage, Kane, Lake and Will Counties)
- The Emergency Mortgage Assistance (EMA) program will provide homeowners impacted by COVID-19 up to $15,000 to reinstate their mortgage and prepay through 2020 or until funds are exhausted.
- IHDA will accept applications August 24 through September 4
- Household income must be at or below 120% Area Median Income
- You have a past due balance or a forbearance balance that began sometime on or after March 1, 2020 due to loss of income related to COVID-19 pandemic
- Applications will be selected by a third-party randomization service, not through first come, first served
- Must be primary residence and mortgage balance is $425,000 or less
- Your mortgage is in 1st lien/mortgage position
- If approved, payment be sent directly to servicer approximately 7-10 days after you sign the Promissory Note. A second payment will occur up to one month after the first payment
- Visit ema.ihda.org to apply and find additional information
- Coronavirus Relief Funds (CRF) Background
Application assistance will be provided by the Starved Rock Country Community Foundation. Assistance will be provided at the foundation office during regular business hours . Assistance will also be provided at locations throughout LaSalle, Bureau, Putnam and Marshall Counties throughout the application period. Please visit www.srccf.org, or call our office at 815-252-2906 for a schedule of locations.
8/24 | 8/25 | 8/26 | 8/27 | 8/28 |
---|---|---|---|---|
9-4 SRCCF 241 Marquette St LaSalle 1-4 Ottawa City Hall 301 W Madison St Ottawa |
9-4 SRCCF 241 Marquette St LaSalle |
9-4 SRCCF 241 Marquette St LaSalle 1-4 Streator Chamber of Commerce 318 E Main St Streator |
9-4 SRCCF 241 Marquette St LaSalle |
9-4 SRCCF 241 Marquette St LaSalle |
8/31 | 9/1 | 9/2 | 9/3 | 9/4 |
9-4 SRCCF 241 Marquette St LaSalle |
9-4 SRCCF 241 Marquette St LaSalle |
9-4 SRCCF 241 Marquette St LaSalle |
9-4 SRCCF 241 Marquette St LaSalle | 9-4 SRCCF 241 Marquette St LaSalle |