Coronavirus Rent Payment Delay And Repayment Agreement

Local coronavirus restrictions will apply from Wednesday, December 2. This page has been updated. There is no fixed list of types of un accepted proof of income, but the city`s housing department website provides some examples of documents that could support a tenant`s claim: “a letter from the employer that cites COVID-19 as a reason for reducing working hours or firing, the employer`s paychecks, or bank statements.” Before the governor ordered the creation of a national moratorium on eviction, the governor had issued a less broad order (dated March 16) that was only a basis for a city or county to impose restrictions on evictions, and only if a tenant did not pay rent due to a COVID-19 related issue. These restrictions do not automatically come into effect. If you`ve lost your job or your income has dropped dramatically as a result of COVID-19 and your mortgage is backed by the state, NPR says you may be allowed to reduce your mortgage payments or freeze them for up to a year. While this currently only applies to Fannie Mae or Freddie Mac, “regulators expect the entire mortgage industry to quickly adopt a similar policy.” The money would provide up to $2,000 in rental assistance to low-income households who lost their jobs during the crisis, fell ill or had to help sick family members. Nearly $400 million in funding has been made available by the Illinois State CURE Fund. The finances were distributed by the Illinois Housing Development Authority. Landlords can encourage tenants to apply for rent facilities from public utility and public interest organizations.

The Chicago Community Trust and United Way`s Chicago Community COVID-19 Response Fund are offering rental assistance. Tenants could also apply for the rental assistance program through the City of Chicago, with the tenant directly threatened with homelessness due to a temporary economic crisis and likely to be able to honor rental commitments based on expected income, Coronavirus Relief. Catholic charities and other non-profit organizations have also set up rent facilitation programs. .