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IL Rental Payment Program has already paid out $70 million with more to come

THE STATE'S RENTAL PAYMENT PROGRAM HAS PAID OUT 70 MILLION DOLLARS TO ILLINOIS LANDLORDS IN JUST THE FIRST MONTH.

 

THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY RECEIVED MORE THAN 70 THOUSAND APPLICATIONS FROM LANDLORDS, REQUESTING ASSISTANCE ON BEHALF OF THEIR TENANTS. 70 MILLION HAS ALREADY GONE OUT, AND ANOTHER 17 MILLION HAS BEEN APPROVED FOR PAYMENT. HUNDREDS OF MILLIONS MORE IN ASSISTANCE IS EXPECTED IN THE COMING WEEKS. THE AUTHORITY'S RODRIGO CARRILLO SAYS IT'S CLEAR THE NEED IS OUT THERE.

 

 

LANDLORDS SUBMITTED 664 MILLION DOLLARS WORTH OF REQUESTS FOR PAST AND FUTURE RENT ON BEHALF OF THEIR TENANTS TO THE ILLINOIS HOUSING DEVELOPMENT AUTHORITY. 70 MILLION HAS ALREADY GONE OUT WITH ANOTHER 17 ON THE WAY AND HUNDREDS OF MILLIONS MORE TO COME. THE AUTHORITY'S RODRIGO CARRILLO SAYS THE NEED FOR THIS ASSISTANCE IS GREAT.

 

 

THE PORTION OF THE PROGRAM FOR LANDLORDS IS NOW CLOSED. TENANTS STILL NEEDING ASSISTANCE MAY START APPLYING TO THE PROGRAM MONDAY ON THE WEBSITE: IHDA DOT ORG.

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