Are you an Illinois homeowner who is struggling to pay your mortgage due to job loss or income reduction? This spring/summer of 2011 an application period will begin for this new program, Illinois Hardest Hit Fund’s Homeowner Emergency Loan Program or “HHF HELP” for short. The U.S. Treasury Department has approved plans to use federal funds to help Illinois homeowners who are struggling.
This program is designed to help reduce mortgage delinquencies and avoidable foreclosures. There are many foreclosures in Illinois as a direct result of unemployment or underemployment. The Hardest Hit Fund’s Homeowner Emergency Loan Program will help moderate and low income families who face foreclosure.
The Illinois Housing Development Authority has an online plan for the HHF HELP.