Nov
02

Illinois Hardest Hit Program Assists 5,000th Homeowner

November 02, 2012

illinois hardest hit program assist chicago new homes residentsThe Illinois Hardest Hit Program is a statewide program that assists struggling homeowners by offering them up to $25,000 in federal funds. The program recently celebrated a milestone by assisting its 5,000th homeowner.

The program was established as part of Governor Quinn’s Illinois Foreclosure Prevention Network, and Illinois ranked as having one of the top Hardest Hit Funds in the nation.

Launched in September 2011, the program assists unemployed or underemployed residents of Illinois new homes and allows them to catch up on their mortgage payments by providing mortgage payments during their job search.

In addition to offering mortgage payments for the underemployed, the Illinois Foreclosure Prevention Network also offers free homeowner assistance in conjunction with the Illinois Housing Development Authority (IHDA), the Illinois Department of Financial and Professional Regulation (IDFR) and the Illinois Department of Employment Security (IDES).

More than 40,000 homeowners have received assistance through the IFPN help hotlines and more than 37,00 homeowners have received assistance through IFPN counseling.

To learn more about the Illinois Housing Development Authority and the Illinois Hardest Hit Program, visit their website.

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