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Great Lakes Credit Union to participate in Illinois rental payment program

BANNOCKBURN, IL (May 18, 2021) — Great Lakes Credit Union (GLCU) is excited to announce their partnership with the Illinois Housing Development Authority (IHDA) to provide rental assistance to members and non-members who are unable to pay rent due to the COVID-19 pandemic. GLCU is part of a select group of agencies assisting households through the application process providing ongoing housing counseling services. This program will begin on May 17th and last until June 11th, 2021.

Applicants are eligible for up to 15 months of assistance. The grant can cover the past due rent from the previous 12 months and future rent for the next three months. The maximum grant amount is $25,000. The emergency rental assistance is provided by the federal government and is free to tenants and housing providers.

“GLCU is privileged to partner with IHDA during these historic times to ensure that access to information and technology is not a barrier to stabilizing resources. Together we will meet the evolving and emergent needs of our community!” – Jeanette Velazquez, GLCU’s Senior Manager of Housing and Financial Counseling.

Program Requirements: 

  • The household must have experienced a financial hardship directly — or indirectly — due to the pandemic.
  • The household is behind on rent and/or is at risk of experiencing homelessness or housing instability.
  • 2020 household income was below 80% of the Area Median Income (AMI), adjusted for household size.
  • Priority will be given to applicants who have been unemployed for 90 days and households that are below 50% AMI, adjusted for household size.
  • Proof of citizenship is not required. Rental assistance is not a “public charge” benefit.

For in-person or virtual application assistance, households will be able to visit any GLCU branch, schedule online at https://www.glcu.org/IllinoisRentalAssistance or call 1(800) 982-7810.


About Great Lakes Credit Union

Founded in 1938 and headquartered in Northern Illinois, Great Lakes Credit Union is banking for a  greater good. As a not-for-profit financial cooperative with over $1.3 billion in assets, GLCU is proud to  serve 80,000 members in Chicagoland and surrounding areas, and to give back to its members and  communities through education, volunteerism, and partnerships. Learn more about GLCU’s accounts,  educational initiatives, and community development programs at www.glcu.org

Contacts

Media Department
MarketingDepartment@glcu.org
(847) 578-7397

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