Aid for Low-Income Homeowners in Illinois

By: 23 Newsroom
By: 23 Newsroom

CHICAGO (AP) -- Homeowners in Illinois with low-income will now have a chance to use federal money for household maintenance such as roofing and heating repairs.

The Illinois Housing Development Authority announced that more than $6 million in federal money will be available in May through this program. The money has been allocated to 31 public and nonprofit organizations throughout the state.

Estimates show the loan could help up to 148 homeowners with repair costs. The work needed for the repairs will generate about 45 jobs, $4 million in income and wages for local businesses, and $338,600 in local taxes.

Homeowners can apply to those groups for forgivable loans of up to $40,000. But homeowners will have to repay the money if they sell the home before the loan expires.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 241459411 -
Gray Television, Inc.