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).

 

As of July 20, 2017, the Cook County Mortgage Foreclosure Mediation Program is not accepting new appointment requests due to pending budget issues within Cook County.

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.

 

Under the Foreclosure Prevention Program, a part of the Save Our Neighborhood Act, IHDA provides grants to HUD approved housing counseling agencies and community based organizations for capacity building, operational expenses, pre and post purchase 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.

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.

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

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.

IHDA has re-opened the Illinois Hardest Hit Program. See 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.

Funded by NeighborWorks America, the ­National Foreclosure Mitigation Counseling Program provides IHDA with funding to distribute to housing counseling agencies statewide to assist homeowners in mortgage default or at risk of default. These funds directly assist housing counseling agencies in financing counseling sessions.

IHDA does not directly fund homeowners.  If you are a homeowner looking for assistance, you may contact one of our local funded agencies.

In April 2016, the NFMC program reached a major milestone: 2 million homeowners served nationwide. IHDA has participated since Round 1 of the program and is currently working on Round 10 of the NFMC program.

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