Emergency Mortgage Assistance (EMA) | Illinois Housing Development Authority
|State Agency||Illinois Housing Development Authority|
|Program Name||Emergency Mortgage Assistance (EMA)|
A new program established to provide financial relief for homeowners who have experienced a loss of income resulting from the COVID-19 pandemic.
|Program Status||Closed to New Applicants|
• Household income must be at or below 120 percent of AMI prior to March 1, 2020.
|Direct Recipient of Assistance|
|Administration Structure||IHDA, in partnership with Community Outreach and Assistance organizations|
|Maximum Length of Assistance|
March through December 2020, or until $15,000 is exhausted.
|Maximum Assistance Available Per Household|
$15,000 per household
|Household Contribution Requirements||None|
|Total Applications as of Date||18,000|
|Total Household Recipients of Assistance as of Date||9,476|
|Total Funding Amount of Program||$98,500,000.00|
|Remaining Funds as of Date||$14,500,000.00|
|Date of Entry or Changes||12/17/2020|
The program listings on this page are provided as a free service to policy makers, state agencies, and the public at large. The information above is based solely on information provided to NCSHA by its state Housing Finance Agency and associate members and is provided “as is” without warranty of any kind. NCSHA is not responsible for inaccurate or out-of-date information and does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein. NCSHA will continue to update this page as it becomes aware of new programs or changes to information above.