While an eviction ‘tsunami’ was widely forecast, emergency rental assistance dollars have played a pivotal role in calming the waters. Yet some tenants are.
Lawmakers from both parties told officials from Gov. JB Pritzker’s administration on Thursday, March 11 that the General Assembly should have some say in how the state spends the $7.5 billion in federal funds that Illinois expects to receive from the newly-enacted American Rescue Plan.
Those comments came during a virtual hearing of the House Revenue and Finance Committee that took place just hours after President Joe Biden signed the $1.9 trillion pandemic relief bill into law.
“I think the legislature would like a say in appropriating money, given our role,” Rep. Michael Zalewski, D-Riverside, said to the director of the Governor’s Office of Management and Budget, Alexis Sturm. “So my hope is that you could convey that to the governor’s office and we can develop a framework to work together on that.”
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Kristin Faust, IHDA Executive Director, provided an update on two state initiatives that leverage funds from the federal Coronavirus Aid, Relief and Economic Security Act to help tenants and homeowners
By Raymon Troncoso & Capitol News Illinois
• Mar 10, 2021
Credit IHDA.org
The Illinois Housing Development Authority presented their plans for how to use incoming federal COVID-19 assistance during an Illinois House of Representatives Housing Committee hearing Wednesday.
Kristin Faust, IHDA Executive Director, provided an update on two state initiatives that leverage funds from the federal Coronavirus Aid, Relief and Economic Security Act to help tenants and homeowners who experienced a loss of income due to the coronavirus pandemic. Those are the Emergency Rental Assistance Program and Emergency Mortgage Assistance Program.
From the federal CARES Act passed last March, IHDA received around $325 million in funding to give landlords direct back-payments for missing rent and homeowners for delayed mortgage payments.