Through the program’s expansion, some South Shore people will be qualified to apply for down-payment guidance for the obtain of a property and for exterior-property improvements. The South Shore software only serves the neighborhood’s O’Keefe spot, from 67th to 71st streets amongst Jeffery Boulevard and South Shore Drive.
MMRP is funded by way of the Community Housing Providers of Chicago.
The Neighborhood Network Alliance, or NNA, a South Shore nonprofit dedicated to local community outreach, is partnering with the city, South Shore Will work and the South Shore Chamber of Commerce on the latest addition to the system. The alliance will connect prospective applicants to the system and can help them through the method.
“We are quite fired up to be in alignment and partnering with the town on this program, which will provide well timed and substantially-needed help for house owners in South Shore who want to continue to be in the group,” reported Val Totally free, CEO of the NNA, in a statement. “Stabilizing the housing inventory in South Shore continues to be an totally pivotal difficulty in our community.”
The South Shore program aims to award 40 people with dwelling-enhancement grants and 13 new homebuyers in 2022 for a complete of $1.2 million, No cost confirmed.
South Shore is a community with a appreciable selection of condominiums. The NNA hopes that the initiative will assistance fortify the area’s condominium sector and give some stability to local house owners struggling financially.
Suitable minimal- and average-earnings residents can use for up to $15,000 for the down-payment support method for the purchase of a solitary-household house or condo. Eligibility requirements and the application can be discovered on the Neighborhood Housing Providers of Chicago’s web page.
Much more details about the home advancement grant is forthcoming.