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Emergency Mortgage Assistance (EMA) | Illinois Housing Development Authority


State AgencyIllinois Housing Development Authority
Program NameEmergency Mortgage Assistance (EMA)
Program Description

A new program established to provide financial relief for homeowners who have experienced a loss of income resulting from the COVID-19 pandemic.

Program Websiteihda.org
Program StatusClosed to New Applicants
Start Date08/24/2020
Eligibility Criteria

• Household income must be at or below 120 percent of AMI prior to March 1, 2020.
• An adult member of household had a loss of income due to COVID-19 on or after March 1, 2020.
• Must reside in a property consisting of no more than two units, whose mortgage was current as of February 29, 2020, and the balance for which does not exceed $425,000.
• Must be for a first lien mortgage on a primary residence.
• The home mortgage lender must be willing to accept payments on mortgages that are delinquent or in active forbearance beginning on or after March 1, 2020.
• Must not have received other forms of COVID-19-related mortgage assistance.

Eligible Activities
  • Mortgage (may include principal and interest)
  • Mortgage arrearages
  • Mortgage insurance
  • Property Tax
Direct Recipient of Assistance
  • Mortgage Servicer
Administration StructureIHDA, 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 RequirementsNone
Total Applications as of Date18,000
Total Household Recipients of Assistance as of Date9,476
Funding Source
  • Coronavirus Relief Funds (CARES Act)
Total Funding Amount of Program$98,500,000.00
Remaining Funds as of Date$14,500,000.00
Date of Entry or Changes12/17/2020

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 NCSHA is not responsible for inaccurate or out-of-date information and does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein.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.