Press Release - Tuesday, January 21, 2014
Press Releases
No Data
Federal Grants to Help IL Homeowners Afford Critical Repairs
CHICAGO – A new round of $6.1 million in federal funds will help low-income homeowners, including seniors and persons with disabilities, afford the necessary repairs to stay in their homes. The Illinois Housing Development Authority (IHDA) today announced the Single-Family Owner-Occupied Rehabilitation (SFOOR) program will ensure 148 homeowners can keep up with necessary but costly repairs – and will keep communities strong by stabilizing neighborhoods and creating local economic activity.
On behalf of Governor Pat Quinn, IHDA will allocate the federal HOME Investment Partnerships Program (HOME) grant money to 31 public and not-for-profit organizations. Work may include roof repairs, siding, plumbing and heating system upgrades, or window or electrical wiring replacements. Statewide, the work will generate an estimated 45 jobs, $4 million in income and wages for local businesses and $338,600 in local taxes.
“Governor Quinn's administration is focused on strategies that help keep homeowners in their homes and keep communities intact,” IHDA Executive Director Mary R. Kenney said. “Reinvestment in these homes will help alleviate the financial burden of home maintenance, increase energy efficiency, improve the overall housing stock and create economic activity in communities across the state.”
With the recent approval of the IHDA board, the program will be available to homeowners in May.
Homeowners can apply to the sponsors for forgivable loans of up to $40,000, based on the amount of rehabilitation needed. For expenses up to $14,999, the loan will be forgiven over five years; and loans between $15,000 and $40,000 are forgiven over 10 years. If a homeowner sells their home before the loan expires, they must repay the remaining balance of the loan.
Eligibility Requirements Include:
- Household income must be at or below 80 percent of the area median income (Four-person household: $57,900 in Chicago area; $50,950 in Peoria; $53,700 in Metro East, and; $50,250 in Rock Island)
- Homeowners must continue to occupy the property to be rehabilitated as their principal residence
More information will be available at www.ihda.org, and through the agencies and organizations offering the grant assistance.
The following organizations will make the grant money available to homebuyers in May:
|
Chicago Suburbs
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
Community Contacts, Inc.
|
Kendall and DeKalb Counties
|
8
|
$330,000
|
(847) 697-8800
|
|
City of Kankakee
|
City of Kankakee
|
5
|
$168,000
|
(815) 933-0506
|
|
TOTAL
|
|
13
|
$498,000
|
|
|
Metro East
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
BCMW Community Services
|
Bond, Clinton, Marion and Washington Counties
|
8
|
$330,000
|
(618) 526-7123
|
|
City of Mount Olive
|
City of Mount Olive
|
3
|
$126,000
|
(217) 299-1575
|
|
Village of Brighton
|
Village of Brighton
|
3
|
$126,000
|
(217) 299-1575
|
|
Village of White City
|
Village of White City
|
3
|
$126,000
|
(217) 299-1575
|
|
TOTAL
|
|
25
|
$1,038,000
|
|
|
Rockford Area
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
City of Freeport
|
City of Freeport
|
4
|
$168,000
|
(815) 235-8200
|
|
City of South Beloit
|
City of South Beloit
|
4
|
$168,000
|
(815) 636-9590
|
|
Northwestern Illinois Community Action Agency
|
Jo Daviess and Stephenson Counties
|
6
|
$250,000
|
(815) 232-3141
|
|
Village of Machesney Park
|
Village of Machesney Park
|
4
|
$168,000
|
(815) 636-9590
|
|
TOTAL
|
|
18
|
$754,000
|
|
|
Quad Cities
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
City of Moline and East Moline
|
City of Moline and East Moline
|
4
|
$168,000
|
(309) 524-2034
|
|
City of Abington
|
City of Abington
|
4
|
$168,000
|
(309) 837-3941
|
|
Tri-County Opportunities Council
|
Bureau, Carroll, LaSalle, Lee, Marshall, Ogle, Putnam, Stark and Whiteside Counties
|
6
|
$250,000
|
(815) 625-7830
|
|
Project NOW
|
Rock Island, Mercer and Henry Counties
|
8
|
$330,000
|
(309) 793-6391
|
|
Rock Island Economic Growth Corp.
|
Rock Island
|
6
|
$250,000
|
(309) 788-6311
|
|
City of Rock Falls
|
City of Rock Falls
|
6
|
$250,000
|
(815) 564-1366
|
|
TOTAL
|
|
34
|
$1,416,000
|
|
|
Peoria
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
City of Havana
|
City of Havana
|
4
|
$168,000
|
(309) 837-3941
|
|
Peoria Citizens Committee for Economic Opportunity, Inc.
|
Peoria County
|
6
|
$250,000
|
(309) 671-3900
|
|
TOTAL
|
|
10
|
$418,000
|
|
|
Central
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
CEFS Economic Opportunity Corp.
|
Christian, Montgomery, Shelby, Moultrie, Effingham, Fayette and Clay Counties
|
4
|
$168,000
|
(217) 342-2193
|
|
Coles County Regional Planning and Development Commission
|
Cities of Charleston and Mattoon in Coles County; City of Arcola in Douglas County; City of Martinsville in Clark County
|
8
|
$330,000
|
(217) 348-0521
|
|
TOTAL
|
|
12
|
$498,000
|
|
|
Quincy
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
City of Quincy
|
City of Quincy
|
4
|
$168,000
|
(217) 228-4515
|
|
Two Rivers
|
Adams County
|
4
|
$168,000
|
(217) 224-8171
|
|
TOTAL
|
|
8
|
$336,000
|
|
|
Southern
|
Area Served
|
Homebuyers
|
Funds Allocated
|
Contact
|
|
Wabash Area Development, Inc.
|
Edwards, Gallatin, Hamilton, Saline, Wabash, Wayne and White Counties
|
6
|
$250,000
|
(618) 384-5541
|
|
City of Ava
|
City of Ava
|
3
|
$126,000
|
(618) 732-8773
|
|
Western Egyptian E.O.C., Inc.
|
Jackson, Monroe, Perry and Randolph Counties
|
8
|
$330,000
|
(618) 965-3313
|
|
City of Carbondale
|
City of Carbondale
|
4
|
$168,000
|
(618) 457-3233
|
|
City of Golconda
|
City of Golconda
|
3
|
$126,000
|
(618) 439-9447
|
|
City of Jonesboro
|
City of Jonesboro
|
3
|
$126,000
|
(618) 439-9447
|
|
City of Mount Vernon
|
City of Mount Vernon
|
3
|
$126,000
|
(618) 732-8773
|
|
City of Creal Springs
|
City of Creal Springs
|
3
|
$126,000
|
(618) 439-9447
|
|
Village of Stonefort
|
Village of Stonefort
|
3
|
$126,000
|
(618) 732-8773
|
|
TOTAL
|
|
28
|
$1,174,000
|
|
Press Releases
No Data