As a part of Governor Pat Quinn’s “Year of Homeownership” initiative, the Building Blocks program is expanding to include 10 additional communities. Now, even more low- to moderate-income households can benefit from up to $10,000 in down payment and closing cost assistance from the Illinois Housing Development Authority.
In addition to Berwyn, Chicago Heights, Maywood, Park Forest and South Holland, the Building Blocks program is now available in:
- Blue Island
- Crest Hill
- Melrose Park
In the programs first year alone, more than 580 housing units were able to be assisted through loans and financial aid. In addition, many vacant homes have been rehabilitated through programs such as the Neighborhood Stabilization Program (NSP).
The expansion of this program along with recently released Case-Shiller numbers are just more positive signs for the recovering real estate market here in the Windy City.