The application period for mortgage assistance to eligible residents impacted by COVID-19 offered by the Illinois Housing Development Authority runs through Friday, Sept. 4.
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 servicer approximately seven to 10 days after the homeowner signs the promissory note. A second payment will occur up to one month after the first payment.
The Family Service Agency of DeKalb County is the local organization available to help residents with their applications and can be reached at 815-758-8616.