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.”