The Illinois Housing Development Authority (IDHA) is offering rental and mortgage assistance to eligible residents impacted by COVID-19, State Representative Jeff Keicher (R-Sycamore) announced today.
The Emergency Rental Assistance (ERA) 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 August 10 through August 21.
The Emergency Mortgage Assistance (EMA) 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 servicer approximately 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 August 24 through September 4.
If interested in applying for rental or mortgage assistance, please visit https://era.ihda.org/ for additional information on eligibility criteria.