New assistance available for Illinois homeowners at risk of foreclosure - Metropolitan Planning Council

Skip to main content

New assistance available for Illinois homeowners at risk of foreclosure

Homeowners at risk of foreclosure have a new resource to tap: The Illinois Hardest Hit program offers mortgage payment assistance to borrowers who have experienced an unemployment or underemployment event due to no fault of their own. The program aims to reduce the number of foreclosures caused specifically by a substantial loss of income. The assistance allows eligible households to maintain ownership of their home while they work to regain employment and financial stability. 

The Illinois Hardest Hit Program offers two types of assistance:

  1. Reinstatement assistance to pay mortgage arrearages, fees, and penalties in full, and
  2. Monthly mortgage payment assistance to pay the mortgage payment for homeowners struggling to make their monthly payment.

Employers can help get the word out to eligible employees. Partners involved in interjurisdictional efforts are also eager to make sure local workers and residents benefit from this assistance.

Contact MPC staff for assistance helping your employees and residents take advantage of this program.

Learn more about the Illinois Hardest Hit program on the Illinois Housing Development Authority's web site.

Comments

No comments

More posts by Samantha

All posts by Samantha »

MPC on Twitter

Follow us on Twitter »


Stay in the loop!

MPC's Regionalist newsletter keeps you up to date with our work and our upcoming events.

Subscribe to Regionalist


Most popular news

Browse by date »

This page can be found online at http://www.metroplanning.org/news/6231

Metropolitan Planning Council 140 S. Dearborn St.
Suite 1400
Chicago, Ill. 60603
312 922 5616 info@metroplanning.org

Sign up for newsletter and alerts »

Shaping a better, bolder more equitable future for all in the greater Chicago region

For more than 80 years, the Metropolitan Planning Council (MPC) has made the Chicago region a better place to live and work by partnering with businesses, communities and governments to address the area's toughest planning and development challenges. MPC works to solve today's urgent problems while consistently thinking ahead to prepare the region for the needs of tomorrow. Read more about our work »

Donate »