Tag Archives: mortgage

COVID-19 Financial Relief, Illinois, Tips

Illinois Grants for Mortgage & Rental Relief Closing Soon

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Screenshot from the Illinois Housing Development Authority website pop-up

Please share widely — especially if you know of anyone who might be in need of rent- or mortgage-assistance. There are only a few days left to apply — go to https://www.ihda.org/ and follow the links accordingly.

Chicago Housing Assistance Portal: This portal can route you to the most appropriate of the four housing assistance programs available: DFSS Rental Assistance Program; DOH COVID-19 Housing Assistance Grants; DOH Mortgage Assistance Program; or the Illinois Housing Development Authority Statewide Housing Assistance [click here]

And here is a list of places that can potentially assist with applications, courtesy of State Rep. Will Guzzardi.

If this or any other posts on the website were useful to you, and your financial situation permits it, please consider contributing to my tip jar. This allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA.

COVID-19 Financial Relief, Illinois, Tips

Illinois Offers Assistance for Rent, Mortgage Payments

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New Illinois programs to provide relief to some of the hardest-hit.

If you know anyone who might be in-need of rent or mortgage assistance, these programs are excellent options, but are likely to run out quickly. Please pass along — links to apply are included in the articles.

Daily Herald – Pritzker announces launch of rent, mortgage aid programs

Block Club Chicago – Rent, Mortgage Help Now Available For Illinois Residents Who Lost Money From Coronavirus

From Block Club:

Renters can get a one-time grant of $5,000 paid directly to their landlord to cover missed rent since March and pre-pay through December, or until the money is exhausted, according to the Governor’s Office. The fund is expected to help about 30,000 households.

The Emergency Mortgage Assistance program will also give up to $15,000 to about 10,000 households with mortgage payments that are past due or in forbearance.

If this or any other posts on the website were useful to you, and your financial situation permits it, please consider contributing to my tip jar. This allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA.