CHICAGO – Governor JB Pritzker announced on Monday that applications for the second round of rental assistance funding are now available for those who have experienced economic hardship due to the pandemic.
A total of $1.1 billion will be given to renters and landlords to prevent evictions. An additional $400 million in rental assistance will be provided by larger municipalities. The state will also be standing up a separate program to support homeowners with $400 million in mortgage assistance. Overall, the new rental programs are expected to assist more than 120,000 households.
“The Illinois Rental Payment Program will ensure more than 120,000 household renters see relief, with more renters potentially being touched in the future, too,” said Gov. Pritzker, “Any eligible resident who rents their home, is behind on payments, and experienced financial hardship in the pandemic is eligible to apply for up to $25,000 of rental assistance paid directly to their housing provider or landlord.”
“Because of COVID-19, life changed. Jobs disappeared. Child care was not as readily available. People were forced to pivot to try to find a way to pay rent and mortgages while struggling with the stress of keeping themselves and family members safe,” said Lt. Governor Juliana Stratton.
Housing experts say funding is greatly needed.
“The economy is improving, but many families continue to face financial hardship due to the pandemic,” said Kristin Faust, Executive Director of Housing Development Authority. “The economic fallout caused by COVID-19 has highlighted the fundamental role of housing in keeping families safe, stable and healthy.”
Approved applicants will receive one-time grants of up to $25,000 paid directly to their landlords to cover missed rent payments as far back as June 2020 and prepay payments through August 2021, or until the $25,000 is exhausted, whichever comes first. Applications for ILRPP will be accepted Monday, May 17, through Monday, June 7.