Maine Finance

Aug 11 2017

IHDA – Illinois Housing Development Authority #illinois #first #time #home #buyer #program


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IHDA’S MISSION

A HEALTHY HOUSING MARKET

A HEALTHY HOUSING MARKET

A HEALTHY HOUSING MARKET

A HEALTHY HOUSING MARKET

A HEALTHY HOUSING MARKET

The Illinois Hardest Hit Program

Are you among the hardest hit and need help paying your mortgage? Help is available through the Illinois Hardest Hit program. Homeowners who have experienced a 15% reduction in income due to a hardship may be eligible for up to $35,000 in reinstatement and/or ongoing monthly mortgage assistance while working to regain financial stability.

One-Stop Plus

Developers of affordable rental housing now have another financing option with the One-Stop Plus structure program. One-Stop Plus is a short-term, interest-only tax-exempt loan arranged by IHDA along with a permanent, taxable IHDA Federal Financing Bank (FFB) Mortgage with up to a 40-year fully amortizing loan term. Learn about One-Stop Plus on our First Mortgage Loan Programs page.

The New I-REFI Program

Sinking in an underwater mortgage? Receive $50,000 in federal assistance to buy down your mortgage and refinance into a loan you can afford through the I-REFI program. Funds are limited. Act today! Find a lender at www.ihda.org/irefi .



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