DCEDC - DeKalb County Economic Development Corporation

08/05/2020 | Press release | Distributed by Public on 08/05/2020 10:31

Illinois Housing Development Authority offering assistance

The Illinois Housing Development Authority is offering rental and mortgage assistance to eligible residents impacted by the COVID-19 pandemic, state Rep. Jeff Keicher, R-Sycamore, announced Tuesday.

The Emergency Rental Assistance program will provide renters impacted by COVID-19 $5,000 for back rent and prepay through 2020, or until funds are exhausted. If approved, payment will be wired directly to the landlord within 10 business days; or 15-20 days if by paper check. IHDA will accept applications for rental assistance Aug. 10 through Aug. 21.

The Emergency Mortgage Assistance 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. If approved, payment will be sent directly to the mortgage services about 7-10 days after the homeowner signs the Promissory Note. A second payment will occur up to one month after the first payment. IHDA will accept applications for mortgage assistance Aug. 24 through Sept. 4.

If interested in applying for rental or mortgage assistance, please visit era.ihda.org/for additional information on eligibility criteria.