Foreclosure Prevention Programs

 

We understand that when homeowners struggle financially, communities suffer. If you know members of your community who are having a hard time paying their mortgage, please encourage them to visit the Saving My Home section of our website. There is help available. All services are free.

Through a variety of grant programs, we fund a network of housing counseling agencies to provide foreclosure prevention counseling.  Information and materials for each program can be found below.  If you are a housing counseling agency and currently not on our list serve, please send an e-mail to us to be notified when these programs solicit applications for funding (program e-mail addresses are under each respective program tab).

 

The Cook County Mortgage Foreclosure Mediation Program is no longer available as of December 1, 2017. If you need housing counseling or mortgage foreclosure assistance, contact a housing counselor to help you understand what options are available to you. For legal aid resources for homeowners in Cook County click here.

IHDA is pleased to request applications for Round 6 of the Foreclosure Prevention Program (“FPP”). Under the Foreclosure Prevention Program Fund (FPP), IHDA provides grants to community based organizations and housing counseling agencies approved by the U.S. Department of Housing and Urban Development for capacity building, operational expenses, pre and post purchase counseling, financial literacy counseling, foreclosure counseling and education, and staff/counselor training.  See program rules for further details.

Applications are now available and will be accepted until Friday, January 25, 2019 at 3:00 p.m. CST.

We will be hosting a webinar to discuss the application process, eligibility requirements, and overall Program-related questions.

Webinar Information:

Event: FFP R6 Application Webinar
Event address for attendees: https://illinois2.webex.com/illinois2/onstage/g.php?MTID=e433ab5b7ff02ef7a9a2a80f4d5062d7a
Date and time: Thursday, December 13, 2018 10:00 a.m.
Central Daylight Time (Chicago, GMT-06:00)
Duration: 1 hour 30 minutes
Event number: 286 214 302
Event password: MfEruYbm
Audio conference: +1-240-454-0879
Access code: 286 214 302

IHDA does not directly fund homeowners. If you are a homeowner looking for foreclosure prevention assistance, contact a housing counselor to help you understand what options are available to you.

For more information, contact our Community Affairs Department at fppinfo@ihda.org.

Under the Foreclosure Prevention Program Graduated Fund, IHDA provides grants to housing counseling agencies approved by the U.S. Department of Housing and Urban Development for capacity building, operational expenses, pre and post purchase counseling, financial literacy counseling, foreclosure counseling and education, and staff/counselor training. See program rules for further details.

IHDA does not directly fund homeowners. If you are a homeowner looking for foreclosure prevention assistance, contact a housing counselor to help you understand what options are available to you.

If you have a reverse mortgage, click here to learn how to apply for the new Reverse Mortgage Assistance Program or read the press release.

Homeowners who have experienced a 15% reduction in income due to a hardship may be eligible for up to $35,000 in reinstatement and/or ongoing monthly mortgage assistance through the Illinois Hardest Hit Fund®. More information about applying for Hardest Hit Fund is available at illinoishardesthit.org.

To help generate awareness about the Illinois Hardest Hit Program throughout Illinois, IHDA has created HHF flyers for you to utilize.

Project Reinvest: Financial Capability (PRFC) is a NeighborWorks funded program whose funds are primarily intended to help individuals who are at risk of foreclosure, recovering from a foreclosure or residents in distressed communities rebuilding after the foreclosure crisis.  PRFC will assist clients to stabilize their finances, rebuild their credit, and help them establish savings for the long-term.

IHDA does not directly fund residents. If you are a resident looking for assistance, contact a housing counselor to help you understand what options are available to you.

 
Project Reinvest: Financial Capability (PRFC) Documents