Archive for Illinois Housing Development Authority

Illinois Housing Development Authority Making Rehabs of Foreclosed Properties Possible

Across Illinois, formerly foreclosed properties have returned to the housing market as a result of federal funding from the Illinois Housing Development Authority (IHDA), the state’s housing finance agency. NSP funds available through the State of Illinois have enabled 17 subgrantees to create nearly 200 rental units and 91 homeownership units. Work on an additional [Read More]

May 03, 2013 | Author: admin | Comments: (0) | Categories: Chicago Real Estate News, Economy, Economy AOI

10,000 Reasons to Attend the State of Illinois Homebuyer Expo

The State of Illinois Homebuyer Expo is coming up on March 23, and there are more than 10,000 reasons to attend the expo if you are looking to buy a home in 2013. The Illinois Housing Development Authority (IHDA), the state’s housing finance agency, will be offering up to $10,000 in cash for down payments [Read More]

March 05, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Events, Events AOI, Featured, In the City, Mortgages

Illinois Offering More Homeowner Assistance

Chicago real estate owners who are struggling with their mortgage payments may soon receive assistance from the state of Illinois. Earlier this month, the Illinois Housing Development Authority (IHDA) announced that it will supervise a public-private partnership that will purchase and modify 324 distressed home mortgages. The agency also plans on spending another $3 million [Read More]

New Cook County Real Estate Helps the Needy

During most of 2011, the Housing Authority of Cook County had a 10 percent vacancy rate for its 2,100 public housing units. The high vacancy rate meant that nearly 200 needy households were going without shelter. But, due to some recent changes, 200 additional units are being put to use. The Housing Authority of Cook [Read More]

Illinois Hardest Hit Program provides help for Struggling Homeowners

For Chicago area homeowners who are behind on their mortgage payments due to loss of employment or a reduction in income, help is available. The Illinois Housing Development Authority (IHDA) has teamed up with the U.S. Department of Treasury to create the Illinois Hardest Hit program.The $300 million fund is aimed at helping homeowners who [Read More]

June 04, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Community Service, Education, Featured, Mortgages

Checking Out Illinois Loan Program a ‘SmartMove’ for First-Time Homebuyers

We all know there are great deals on homes out there. We also know there are low interest rates available. We are also aware that extremely tight lending conditions are making it difficult to buy a home right now. Now, what you might not know is that there is a program for first-time homebuyers and [Read More]

March 22, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy, Mortgages

Two Senior Housing Complexes Proposed in Batavia

At a time when you don’t see a lot of new Chicago real estate going up, one southwest suburb has two developers vying to build. Each developer has addressed the Batavia city council with plans to construct senior housing complexes in Kane County’s oldest city. Most likely, only one will prevail. Last month, Equity Growth [Read More]

January 31, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Kane County
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