Home Rehab Grants Available in Illinois
Tuesday, March 30th, 2010
Rock Island Economic Growth Corporation is accepting applications from March 29 – April 16, 2010 for the Single-Family Owner Occupied Rehab (SFOOR) program. This program provides financial assistance to Rock Island homeowners needing to bring their homes up to minimum housing quality standards.
You can get an application at the GROWTH office, 120 16 ½ Street, Rock Island, IL or visit their website at www.LiveRI.com. Applications must be completed and returned prior to 5 p.m. on April 16, 2010.
Applications will be screened for eligibility within five days of receiving the application. These grants are awarded on a lottery basis, to keep the selection fair. Notices will be sent informing applicants if they will be submitted into the lottery drawing, or a reason for denial of the application. At least twenty homeowners will receive assistance; however a total of thirty names will be drawn in case any of the first twenty do not meet the full eligibility requirements.
Applicants must meet the following requirements:
- The home must be located within the city limits of Rock Island.
- The home must be a single-family owner-occupied residence.
- The homeowner must have owned the home for a minimum of one year at the time of the application.
- All property taxes must be current now and have been current prior to the end of the previous year.
- The home can not be purchased on contract.
- The homeowner’s insurance must be current and have had no lapses for the prior year.
- The home can not have received prior rehab assistance from GROWTH or Project NOW’s HOME, Housing Trust Fund (HTF), or SFOOR programs.
- This program is designed to bring the home up to general housing quality standards including health, safety, and code violations as determined by GROWTH’s Rehab Specialist.
- The maximum allowable improvement amount is $24,999 as determined by GROWTH’s Rehab Specialist. Properties requiring in excess of $24,999 are deemed ineligible to participate.
- A credit report will be requested prior to the home inspection.
- Household income must be 80% or below the area median income*
1 person $34,500 5 persons $53,250
2 persons $39,450 6 persons $57,200
3 persons $44,350 7 persons $61,150
4 persons $49,300 8 persons $65,100
* Income limits are subject to change
If you have questions, you can contact Rock Island Economic Growth Corporation at 309-788-6311.
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