By way of the program’s expansion, some South Shore residents will be qualified to implement for down-payment aid for the buy of a dwelling and for exterior-house advancements. The South Shore plan only serves the neighborhood’s O’Keefe space, from 67th to 71st streets concerning Jeffery Boulevard and South Shore Travel.
The Community Community Alliance, or NNA, a South Shore nonprofit dedicated to local community outreach, is partnering with the metropolis, South Shore Is effective and the South Shore Chamber of Commerce on the latest addition to the program. The alliance will hook up probable candidates to the plan and can help them by means of the approach.
“We are very psyched to be in alignment and partnering with the metropolis on this system, which will present timely and substantially-wanted assistance for property owners in South Shore who want to keep in the community,” claimed Val No cost, CEO of the NNA, in a assertion. “Stabilizing the housing stock in South Shore continues to be an completely pivotal concern in our neighborhood.”
The South Shore application aims to award 40 households with dwelling-advancement grants and 13 new homebuyers in 2022 for a total of $1.2 million, Absolutely free confirmed.
South Shore is a community with a appreciable quantity of condominiums. The NNA hopes that the initiative will aid strengthen the area’s condominium marketplace and give some balance to area home owners having difficulties financially.
Qualified minimal- and reasonable-cash flow people can utilize for up to $15,000 for the down-payment aid system for the acquire of a solitary-spouse and children house or rental. Eligibility specifications and the application can be discovered on the Neighborhood Housing Companies of Chicago’s web site.
Extra info about the home advancement grant is forthcoming.