For our Facebook Story of the Day for September 16, we're talking about an option for those in line to lose their homes.
SPRINGFIELD, IL -- Illinois families on the brink of losing their homes may be able to get help from a program called "Illinois Hardest Hit."
This is the story you voted for our Facebook Story of the Day.
The program will use $345 million from the federal government to offer zero-interest loans to about 15,000 families having trouble paying their mortgage.
Participants can get up to $25,000 in aid over 18 months.
The money comes in the form of a 10-year loan. Participants who follow the rules for five years can have the entire debt erased.
To qualify, a family must have suffered a 25% drop in income because of unemployment or under-employment, with income slightly higher than the area average.
The Illinois unemployment hit 9.9% last month. Gov. Pat Quinn said Thursday the program can help both families and communities.
Do you agree with this type of help being offered? Voice your opinion below or on our Facebook page here.
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