Breaking News Bar
updated: 1/22/2014 8:34 AM

Aid for low-income Illinoisans making home repairs

Success - Article sent! close
Associated Press

More than $6 million in federal money will be available in May for low-income Illinois homeowners to use for household maintenance such as roof repairs and heating system upgrades.

The Illinois Housing Development Authority announced the program Tuesday. The money has been allocated to 31 public and nonprofit organizations throughout the state.

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

It's estimated the loans will help 148 homeowners keep up with needed repairs. The work will generate an estimated 45 jobs, $4 million in income and wages for local businesses, and $338,600 in local taxes.

More information is available on the Illinois Housing Development Authority website.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.