IHDA increasing mortgage assistance for Illinois Hardest Hit Program

Beginning April 1, Illinois homeowners who are unemployed or underemployed and struggling to keep their homes could be eligible for $10,000 more — for up to a maximum of $35,000 per household — in mortgage assistance through the Illinois Hardest Hit program.

Gov. Pat Quinn said the additional $10,000 in funding could immediately help 500 more families through monthly mortgage payment assistance and reinstatement assistance.

Created in 2011, the Illinois Hardest Hit program is administered through the Illinois Housing Development Authority (IHDA) and has helped more than 7,000 homeowners in 94 Illinois counties.

“The Illinois Hardest Hit program has been a vital resource for thousands of Illinois homeowners working to regain their financial footing,” IHDA Executive Director Mary Kenney said in a news release.

“We found the most common reason otherwise eligible families were unable to be helped was because the amount necessary to bring their mortgage current exceeded the program limit. With an increased assistance limit, the program will support families at a critical time in the state’s recovery.”

Read the news release and find more information about the Illinois Hardest Hit program at, www.illinoishardesthit.org.

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.