Eligible Palatine Residents Can Apply For COVID-19 Mortgage Help

Palatine IL

14 October, 2020

3:40 PM

Description

PALATINE, IL — Palatine and suburban Cook County homeowners (income-eligible) who've experienced financial hardships due to the coronavirus pandemic and need help paying their mortgages can apply for the Cook County COVID-19 Recovery Mortgage Assistance Program until 4 p.m. Friday, according to a news release. Designed for this group, homeowners are eligible for an amount up to three times their monthly mortgage payment, with consideration of the arrearage amount, according to a news release. The maximum amount of assistance for one family is $10,000. According to the county, limited funding is available through the program, which is part of the Cook County Community Recovery Initiative funded by the federal CARES Act. According to the news release, it's therefore expected many people will apply, so unfortunately there is no guarantee of assistance. Once the application window has ended, eligible applicants will be selected randomly. Related: IL Patch Local Business Information Center: A Community ResourceAdvanced Automotive Will Pick Up, Drop Off Cars For SeniorsDon't miss updates about precautions in the Palatine area as they are announced. Sign up for Patch news alerts and newsletters. Any Palatine and Cook County resident who is struggling should look into whether they are eligible. Eligibility requirements include: Homeowner in suburban Cook CountyHave a COVID-19 related financial hardshipIncome at or below $127,400 before and after the COVID-19 related financial hardshipMortgage arrearage that occurred after March 27, 2020Cannot have accepted any other CARES Act emergency mortgage assistance funding, such as IHDA mortgage relief >> Apply online; a translated application is available More information about eligibility and how to applyOther Questions email: [email protected]. For assistance with an application, contact Senator Ann Gillespie's office at 847-749-1880 or [email protected], or contact your Cook County Commissioner Scott Britton at (847) 729-9300.