South Shore residents can apply for down payment, home-improvement assistance

As a result of the program’s enlargement, some South Shore people will be eligible to apply for down-payment support for the buy of a house and for exterior-residence advancements. The South Shore software only serves the neighborhood’s O’Keefe space, from 67th to 71st streets amongst Jeffery Boulevard and South Shore Drive.

MMRP is funded via the Community Housing Companies of Chicago.

The Community Network Alliance, or NNA, a South Shore nonprofit committed to local community outreach, is partnering with the metropolis, South Shore Functions and the South Shore Chamber of Commerce on the newest addition to the software. The alliance will hook up likely candidates to the software and can assist them by the method.

“We are really excited to be in alignment and partnering with the city on this plan, which will supply well timed and substantially-essential help for homeowners in South Shore who want to keep in the group,” mentioned Val No cost, CEO of the NNA, in a statement. “Stabilizing the housing stock in South Shore proceeds to be an unquestionably pivotal concern in our community.”

The South Shore system aims to award 40 households with house-enhancement grants and 13 new homebuyers in 2022 for a total of $1.2 million, Cost-free confirmed.

South Shore is a community with a substantial quantity of condominiums. The NNA hopes that the initiative will assistance fortify the area’s condominium current market and give some steadiness to nearby house owners having difficulties monetarily.

Eligible minimal- and average-money citizens can apply for up to $15,000 for the down-payment support system for the acquire of a single-spouse and children property or condo. Eligibility demands and the software can be uncovered on the Neighborhood Housing Services of Chicago’s web site.

Much more information and facts about the household advancement grant is forthcoming.

You may also like...