Homeowner Assistance Fund
Illinois homeowners who have fallen behind on payments due to the pandemic can soon seek support from a new homeowner assistance program provided by the Illinois Housing Development Authority (IHDA). IHDA will offer the Homeowner Assistance Fund (HAF) this fall; the program will offer up to $25,000 in assistance to approved applicants.
Created by the American Rescue Plan Act, HAF is a new program designed to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services and displacement of homeowners experiencing financial hardship after January 21, 2020. Approximately $387 million in emergency assistance will be available to Illinois homeowners. Applications are expected to be available in fall 2021.
HAF Public Comment Period
The HAF public comment period ended on Friday, June 18. We thank everyone who provided their comments. Please continue to check this page for HAF program updates.