About the Program. About the Illinois Hardest Hit Program. On April 2. 0, 2. Illinois Housing Development Authority (IHDA), who administers the Illinois Hardest Hit program, announced it has secured $2. U. S. Department of the Treasury to continue to help struggling homeowners avoid foreclosure and stabilize communities. See press release. The Illinois Hardest Hit Fund. The assistance allows eligible households to avoid foreclosure while they work to regain employment and financial stability. Hardest Hit Fund Currently selected. 7.6 billion to the 18 hardest hit. HHF Frequently Asked Questions What is HHF? To apply for the Hardest Hit Fund Program (HHF), click the “Apply” button on 877GetHope.org. Hardest Hit Fund (HHF) HHF SM programs. Official Program of the U.S. Department of the Treasury & the U.S. Department of Housing and Urban Development. Our landscape architecture. Applicants must have experienced a reduction in income due to a qualifying hardship event that was through no fault of their own. Hardship must have occurred after January 1st, 2. Downpayment Assistance Program. The Florida HHF Down Payment.Qualifying hardships include: Unemployment Underemployment Decrease/Loss of in Business Income Loss of Income Due to Disability or Health- Related Event Death of a Spouse or Title Holder Divorce of a Spouse or Title Holder. What are the eligibility criteria? Reinstatement Assistance (RA) is a one- time payment of all mortgage arrearage, fees, and penalties. Monthly Mortgage Payment Assistance (MPA) pays 1. This assistance is forgiven over the 5 year loan term. All borrowers approved for the program will complete a full set of loan documents. Funds may have to be repaid to IHDA if you sell your home at a profit or refinance during the 5 year loan term. Payments are made directly to your servicer. If you have consumers who are delinquent on their mortgage, join the HHF Lender network. Download the Servicer Participation Agreement, here. If you have questions concerning lender participation in the Illinois HHF program please call 8. Starting August 1, IHDA will offer underwater homeowners up to $5. See this page for more details. Clair, Will or Winnebago counties, 1st. Home. Illinois is the product for you. Home. Illinois is tailored for first- time homebuyers, veterans, or anyone who hasn. FREQUENTLY ASKED QUESTIONS. What is the Hardest Hit Fund? The HHF program provides mortgage assistance to homeowners who have experienced at least a 15%. Factors Impacting the Effectiveness of. Factors Impacting the Effectiveness of Hardest Hit Fund Florida. Explore MHA Programs – All Programs. HHF SM programs in 18 states and the District of Columbia were. Official Program of the U.S. Department of the Treasury. See this page for more details. Department of the Treasury to Illinois government entities and their not- for- profit partners as they target blighted, vacant, residential properties in specific communities for demolition, greening, and eventual reuse or redevelopment. Local governments can access more information about the Blight Reduction Program for their communities here. IHDA accomplishes its mission through a number of federal and state funding sources. View IHDA's Audited Financial Statements.
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