ROCKFORD (WIFR) -- Low-income homeowners in the Rockford area who need to make emergency repairs to make their homes safe will have access to a new grant program offering up to $20,000. The Illinois Housing Development Authority (IHDA) today announced the launch of the Illinois Emergency Repair Program to target $5 million statewide to help more than 200 low-income homeowners, including seniors and people with disabilities, afford critical home repairs that might otherwise make the home uninhabitable.
“The Illinois Emergency Repair Program furthers Governor Pat Quinn’s commitment to sustain homeownership for low-income families, seniors and people with disabilities,” IHDA Executive Director Mary R. Kenney said. “Reinvestment in these homes will help decrease the financial burden of home maintenance, improve energy efficiency, improve the overall housing stock and create jobs in communities across the state.”
Administered by the state housing finance agency, the new Illinois Emergency Repair Program will allocate grant money to public and not-for-profit organizations to operate and administer grants in communities.
Starting next spring, qualifying low-income homeowners can apply for grants for repairs, including work on roofs, HVAC systems, electrical and plumbing systems. The new program will impact the economy in communities statewide, generating 50 jobs, an estimated $3.5 million in local income and wages and $290,000 in local taxes.
In the Rockford area, nine homeowners may qualify for $217,350 in assistance. To qualify, homeowners must earn no more than 80 percent of the area median income (AMI), or $44,050 for a three-person household in the Rockford area. More information will be available at www.ihda.org, and through the agencies and organizations offering the grant assistance.
IHDA board members recently approved allocating grant money to the following two organizations:
• Northwestern Illinois Community Action Agency (Jo Daviess and Stephenson counties) - Program contact: Mary Artman (815) 232-3141
The program is funded through the Illinois Affordable Housing Trust Fund, which is generated from half of the state real estate transfer fee.