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Illinois housing authority outlines COVID-19 assistance plans

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 ....

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State Housing Authority Outlines COVID-19 Assistance Plans

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. ....

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