The U.S. Treasury offers a free service called the Hardest Hit Program. It provides mortgage assistance to homeowners who have suffered at least a 15 percent income reduction due to qualifying hardship events like unemployment, underemployment or death of a spouse.
Recently the Illinois Housing Development authority was awarded an additional $269 million to help expand the program. Certain Naperville residents could be eligible for help.
“We were able to see since the first round of the program how many families were able to get back on their feet and the prevention of foreclosure that it was able to help out to many families so we’re hoping that in Naperville we’ll be able to see a higher amount of participation,” said Wanda Lopez, Program Supervisor with Partners in Community Building.
The help comes in the form of reinstatement assistance or monthly mortgage payment assistance.
Eligible households can receive a total of up to $35,000.
For more information about the hardest hit program visit their website at www.illinoishardesthit.org.
Naperville News 17’s Alyssa Bochenek reports.
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