Castro encourages families to apply for Homeowner Assistance Fund - Illinois Senate Democratic

ELGIN – The Illinois Homeowner Assistance Fund has doubled the magnitude of assistance it is offering to eligible homeowners, and State Senator Cristina Castro is urging households impacted by the COVID-19 pandemic to apply.

“This programme volition supply important information to adjacent much homeowners successful Illinois who person struggled financially during the pandemic,” said Castro (D-Elgin). “Families facing indebtedness and foreclosure owed to circumstances retired of their power – particularly successful communities that person been disproportionately impacted – merit enactment and recovery.”

The money volition supply up to $60,000 successful assistance to eligible homeowners portion they enactment to regain their fiscal footing. The programme funds tin beryllium utilized for owe payments, spot taxes, spot insurance, homeowner relation fees oregon condominium relation fees.

To suffice for ILHAF assistance, Illinois homeowners indispensable person experienced a fiscal hardship owed to the COVID-19 pandemic aft Jan. 21, 2020, including a hardship that began earlier Jan. 21, 2020 but continued after. They besides indispensable presently ain and inhabit the location successful Illinois arsenic their superior residence, beryllium astatine slightest 30 days precocious connected their owe loan, spot tax, spot insurance, homeowner relation fees oregon condo relation interest payments, and person a household income astatine oregon beneath 150% of the country median income.

“Help is disposable to supply stableness and information to residents struggling with lodging payments, including spot charges,” Castro said. “I promote each funny homeowners to be an accusation league and to instrumentality vantage of this assistance.”

Proof of citizenship is not required to beryllium eligible for this assistance. Application, programme accusation and updates tin beryllium recovered astatine www.illinoishousinghelp.org. Applications volition beryllium accepted until 11:59 p.m. connected Jan. 31, 2023. Interested homeowners are powerfully encouraged to be an upcoming ILHAF Information Session, offered successful English and Spanish. The league docket is posted online astatine www.illinoishousinghelp.org.

For assistance completing the application, IHDA has collaborated with a web of community-based organizations to connection escaped assistance successful much than 37 languages, including ASL. Please telephone the ILHAF hotline astatine 866-454-3571 for accusation astir the agencies that tin assistance with the exertion process.