Cook County announced on Thursday, Oct. 8, the launch of the $20 million Cook County COVID-19 Recovery Mortgage Assistance program to help suburban residents experiencing financial insecurity due to the COVID-19 pandemic.
The program is funded by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. It will pay one to three months of overdue or future mortgage payments for income-eligible households. The program is expected to assist between 2,500 and 3,000 homeowners. Payments will be made directly to mortgage servicers up to a total of $10,000.
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