By means of the program’s enlargement, some South Shore inhabitants will be eligible to apply for down-payment assistance for the buy of a property and for exterior-house improvements. The South Shore method only serves the neighborhood’s O’Keefe region, from 67th to 71st streets involving Jeffery Boulevard and South Shore Push.
The Neighborhood Network Alliance, or NNA, a South Shore nonprofit committed to group outreach, is partnering with the metropolis, South Shore Works and the South Shore Chamber of Commerce on the newest addition to the program. The alliance will hook up likely candidates to the software and can assist them via the course of action.
“We are incredibly excited to be in alignment and partnering with the metropolis on this plan, which will give timely and significantly-desired support for homeowners in South Shore who want to continue to be in the local community,” mentioned Val Totally free, CEO of the NNA, in a assertion. “Stabilizing the housing inventory in South Shore carries on to be an completely pivotal problem in our group.”
The South Shore method aims to award 40 households with house-enhancement grants and 13 new homebuyers in 2022 for a total of $1.2 million, Free of charge confirmed.
South Shore is a community with a sizeable selection of condominiums. The NNA hopes that the initiative will aid reinforce the area’s condominium industry and give some steadiness to nearby homeowners struggling monetarily.
Eligible lower- and reasonable-earnings people can implement for up to $15,000 for the down-payment assistance application for the invest in of a one-family home or rental. Eligibility specifications and the software can be uncovered on the Neighborhood Housing Expert services of Chicago’s web site.
Far more information about the home enhancement grant is forthcoming.