Illinois Governor: $1.5 Billion Assistance for Renters & Landlords

Illinois Governor: $1.5 Billion Assistance for Renters & Landlords

CHICAGO, IL (STL.News) After leading the nation in the early months of the COVID-19 pandemic, in ensuring the state’s most vulnerable residents had a roof over their head, Governor JB Pritzker today announced that applications for the second round of rental assistance funding are now available to help Illinois residents who have experienced economic hardship due to the pandemic.  The Illinois Rental Payment Program (ILRPP) will deploy multiple rounds of funding totaling $1.1 billion dollars to Illinois renters and landlords in an effort 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.

Governor Pritzker also signed HB 2877 into law establishing a new structure to efficiently distribute rental assistance to Illinois residents and provide for sealing of eviction records until August 1, 2022.

“It was clear when we implemented last year’s housing relief programs that the need was far greater than the dollars allocated to our state. That’s why I’m pleased to announce today that Illinois is expanding rental relief to $1.5 billion, nearly 4 times the amount that was available last year,” said Governor JB Pritzker. 

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Author: Maryam Shah