Illinois reopens housing assistance program

QUINCY (WGEM) – There may be extra assist accessible for Illinois householders who had been impacted by the COVID-19 pandemic.

Beginning Nov. 1, the Illinois Housing Growth Authority (IDHA) reopened the Illinois House owner Help Fund (ILHAF).

This system makes use of funds from the American Rescue Plan Act of 2021 to assist with mortgage funds, property taxes, affiliation charges and extra.

Two Rivers Regional Council of Public Officers Advertising and marketing Coordinator Mark Schneider mentioned this spherical of purposes is a bit totally different from the primary spherical.

“They had been initially providing $30,000 for Illinois householders which have been affected by COVID-19. They’ve now doubled that. So now it’s as much as $60,000 for householders which have been impacted by the Pandemic,” mentioned Schneider.

Earlier candidates could apply as soon as once more to obtain funding by this system.

Schneider mentioned one other change this time round is the prospect for reimbursements for people who needed to pay a funding hole earlier than receiving cash the primary time.

“When you owed greater than $30,000… they needed you to make up that distinction to the $30,000 earlier than they paid you, so there was a little bit of a spot pay there. What they’ve determined now’s that anyone that needed to make that hole fee can then have it reimbursed,” mentioned Schneider.

For instance, if there was a $32,000 debt that wanted paid off and a person paid $2,000 to obtain the primary $30,000 in funding, they might qualify to have that $2,000 reimbursed.

Schneider mentioned this system is vital as a result of there are various householders who’re nonetheless struggling financially.

“It’s an important alternative for householders within the space that had been affected by the pandemic. It may actually imply the distinction between saving a house, paying off your property tax, your householders affiliation charges… something that has to do with your own home and your own home prices,” mentioned Schneider.

There sure standards that have to be met to qualify for ILHAF:

• Be a minimum of 30 days overdue on a mortgage mortgage, property tax, affiliation price, and so on…
• Family revenue is lower than or equal to 150% Space Median Revenue
• Personal and occupy a house as a major residence in Illinois
• Skilled monetary hardship after Jan. 21, 2020

Proof of revenue, identification, occupancy and possession are required.

The appliance deadline is Jan. 31, 2023.

Two Rivers will probably be internet hosting an open home at their laptop lab on the third road workplace on Friday, Nov. 18 from 10 a.m. till 2 p.m. with officers from IDHA to assist with the appliance course of.

Yow will discover out extra info by clicking right here.

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