In February 2010, the Obama Administration established the Hardest Hit Fund® (HHF) to provide targeted assistance to families in states hit hardest by the economic and housing market downturn. Authorized by the Emergency Economic Stabilization Act of 2008, the Troubled Asset Relief Program (TARP) funds have been used to provide an unemployment bridge program that pays a portion of a borrower’s mortgage payment while unemployed or substantially underemployed.
Learn more about the US Department of the Treasury’s Hardest Hit Fund.
The Illinois Housing Development Authority submits Quarterly Performance Reports to the U.S. Department of the Treasury to provide an update on all programs funded by federal Hardest Hit Funds, namely the Illinois HHF Homeowner Emergency Loan Program (HELP), the Mortgage Resolution Fund (MRF), the Home Preservation Program (HPP) and the Down Payment Assistance Program (DPA). Reports are due to Treasury within 45 days of the close of the quarter and posted below upon approval.
with questions about HHF data.