Illinois has an affordable cost of living. Things, however, start getting pricey in Chicago, the largest city in Illinois. Many people are afraid of moving to Chicago because of the higher cost of living. But have you tried comparing Chicago with other larger cities in the U.S.? You will find moving to Illinois more reasonable when you get the difference. Chicago presents you with an affordable opportunity to stay in one of the largest cities. You can also get home repair assistance programs to improve your home once you get settled. Keep reading this article.
Illinois Housing Development Authority
In need of home repairs but can’t afford the costs? The Illinois Housing Development Authority may provide you with a solution. The authority partners with a network of agencies to help you meet your home repair needs. The goal is to make a more enjoyable and safer home for families in Illinois. You must meet the low-income and property value limits and use the home as your primary residence to qualify for home repair assistance. The Illinois Housing Development Authority operates through the following programs:
Home Accessibility Program (HAP). The purpose of this program is to provide funding to non-profit and units of local governments. Qualified participants then use the program funds to provides home accessibility grants to the local constituencies. The funds are used to provide a safer place for people to stay by making the necessary home improvements at homes. The goal of this program is to prevent possible institutionalization of the elderly and people with disabilities. Note that the program does not directly give funds for home repair to homeowners. Looking for repair funds? Then click here to see a list of organizations you can reach out to.
Single-Family Rehabilitation Program (SFP). This program funds units of local governments and non-profits to provide home repair assistance to disabled, veterans, seniors, and single mom-homeowners in need. It works the same way as HAP. Homeowners do not receive funds directly through the program. Funds are distributed in their various constituencies. Eligible repairs under this program include interior improvements, electrical, plumbing, environmental-related hazards, energy efficiency-related improvements, and those related to accessibility. Flooring, stairs, windows, doors, drainage, fire escapes, painting, and siding are also eligible. See this list of the funded organizations to receive home repair assistance.
You may use a housing counselor to help you explore and understand the available home repair support options in your location. Click here to contact a housing counselor. For more details, please visit https://www.ihda.org/my-home/fixing-a-house/.
Community Partners for Affordable Housing (CPAH)
CPAH recognizes the fact that many households experience housing problems such as plumbing and live-in poor conditions. That is why it offers funding support to homeowners in form of loans and grants to make homes safe and healthy for living. The program provides a maximum of $40,000 t0 eligible single moms, veterans, the disabled, and the elderly homeowners to make safety, health, and accessibility repairs and home improvements. Lake County homeowners can receive a 0%-interest forgivable loan to help them meet their home repair needs. Qualified homeowners may also receive up to $20,000 loans for home repairs. The loans have a 3% interest rate, and homeowners are required to make monthly payments. Eligible home improvements include; roofing, windows, doors, plumbing, kitchens, flooring, structural repairs, foundation, electrical, and bathrooms. You must be up to date with property taxes and have homeowners’ insurance. You must meet the underwriting criteria and use the property as your property residence. Visit https://cpahousing.org/home-repair/home-repairs-improvements/ to learn more about the program.
The neighborhood of Chicago, Inc. – Targeted Home Improvement Grant
This grant program provides exterior home repairs services. Eligible repairs include repair/replacement of doors, roofs, windows, walkways, faulty wiring, boilers, leaking plumbing, and masonry repair. These grants are available for low- and moderate-income homeowners. You must be earning up to 80% of Area Median Income to qualify for grant assistance. See the income eligibility requirements here. The program verifies household and income size using tax returns and other financial documents at the time of application. Only homeowners living in the City of Chicago are eligible for the program support. Read more about the program at https://nhschicago.org/grants/grant-programs/targeted-home-improvement-grant.
The Community Development Blok Grant (CDBG) Program
The U.S. Housing and Community Development established this program in 1974 to assist Illinois families to meet their most pressing economic and community development needs. The program is also referred to as the Community Development Assistance Program (CDAP). The program prioritizes moderate- and low-income families when providing home repair assistance services. the goal of this program is to enable families to have access to decent housing and a suitable living environment. Applications are accepted by the U.S. Department of Housing and Urban Development (HUD) on a competitive basis. Typical repairs under this program include bathroom retrofit, ramps, and other items that would improve the safety and health of homeowners. Learn more about the program at https://crosswalkcaa.com/home-repair-and-rehabilitation/.
Federal Housing Administration (FHA)
FHA provides loan guarantee programs to eligible homeowners for repair purposes. The direct loans are given at below-market interest rates and can be used to cover the cost of home repair and replacement. You can receive up to 80% of the repaired value of your home. You may then make the necessary home improvements, including accessibility improvements in your new home. The seniors, single mothers, veterans, and the disabled can apply for the program assistance. Find out more at http://www.hud.gov/local/index.cfm?state=il.