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| Housing & Development |
State Awards $15.4M to Help Homeowners, Landlords Afford Home Repairs
February 11, 2010 Posted by Illinois RealEstateRama
Two programs serve low-income residents, create jobs. CHICAGO, IL - February 11, 2010 - (RealEstateRama) — A new round of $15.4 million in federal affordable housing funds will help low-income residents, including seniors and persons with disabilities, and landlords rehabilitate more than 420 homes across the state, the Illinois Housing Development Authority (IHDA) announced today.
State Announces Approval of 18 New Supportive Living Facilities in Illinois
February 10, 2010 Posted by Illinois RealEstateRama
CHICAGO, IL - February 10, 2010 - (RealEstateRama) — The Illinois Department of Healthcare and Family Services (HFS) today announced the approval of 18 new Supportive Living Facilities (SLFs) in Illinois. The state’s Supportive Living Program offers an alternative to nursing home care for low income seniors, and people with physical disabilities
First-time buyers dominate Illinois housing market
January 28, 2010 Posted by Illinois RealEstateRama
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.
Governor Quinn Announces Funding for NIU’s Cole Hall Construction, Stevens Building Renovations
January 28, 2010 Posted by Illinois RealEstateRama
DEKALB, IL - January 28, 2010 - (RealEstateRama) — Governor Pat Quinn today announced that Northern Illinois University (NIU) will get $8 million to renovate Cole Hall, which on Feb. 14, 2008 was the tragic scene of an unprovoked attack where five students were shot and 19 were wounded. An additional $2.3 million will be used to plan for the renovation of Stevens Building.
Illinois Home Sales in December Log Fourth Consecutive Gain Year-End Home Sales Down 1.5 Percent in 2009
January 26, 2010 Posted by Illinois RealEstateRama
SPRINGFIELD, IL - January 26, 2010 - (RealEstateRama) — Illinois housing markets show signs of stabilizing as low interest rates and the tax credit stimulus helped to reduce inventories through the end of 2009 while more markets reported median price increases in December. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in December 2009 were up 20.1 percent, totaling 8,197 homes sold compared to December 2008 sales of 6,823 homes, marking the fourth consecutive month of year-over-year sales increases statewide. The median price in December 2009 was $152,000 down 1.9 percent from $155,000 in December 2008. The median is a typical market price where half the homes sold for more, half sold for less
Durbin: $98 Million in Recovery Act Funding Will Be Used to Put Chicagoans Back to Work and Mitigate Foreclosure Crisis
January 26, 2010 Posted by Illinois RealEstateRama
CHICAGO, IL - January 26, 2010 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the City of Chicago a Neighborhood Stabilization Program (NSP) grant in the amount of $98,008,384 through the American Recovery and Reinvestment Act. These grants are competitively awarded to local governments and non-profit housing developers to spur economic development and create jobs in hard-hit communities
Hare Praises New Housing Facility for Homeless Female Veterans
January 26, 2010 Posted by Illinois RealEstateRama
January 26, 2010 - (RealEstateRama) — Congressman Phil Hare (D-IL) today released the following statement praising the Obama Administration for opening a new transitional housing facility in Cocoa, Florida for homeless female veterans. Hare has introduced the Help Our Homeless Veterans Act, legislation that would mandate the Secretary of Veterans Affairs to dedicate funding for a National Media Outreach Campaign on homelessness with a specific focus on women.
Shimkus Announces LIHEAP Funding; Calls on Obama to Release More Funds
January 14, 2010 Posted by Illinois RealEstateRama
Washington, DC - January 14, 2010 - (RealEstateRama) — Congressman John Shimkus (R, Illinois-19) has co-signed a letter with 112 of his colleagues, both Republicans and Democrats, to President Obama asking that Low Income Home Energy Assistance Program (LIHEAP) contingency funds be released
HUD ANNOUNCES AGREEMENT WITH LAKE COUNTY HOUSING AUTHORITY TO END DISCRIMINATION COMPLAINT AND KEEP ELDERLY FAMILY TOGETHER
January 12, 2010 Posted by HUD
WASHINGTON, DC - January 12, 2010 - (RealEstateRama) — Two elderly sisters will continue living together under an agreement announced today by the U.S. Department of Housing and Urban Development (HUD) and the Lake County Housing Authority (LCHA) in Grayslake, Illinois.
New Web site creates Illinois ‘hub for housing’
January 5, 2010 Posted by Illinois RealEstateRama
CHICAGO, IL - January 5, 2010 - (RealEstateRama) — A new free bilingual Web site (ILHousingsearch.org) featuring statewide property listings is available now to help Illinois residents find their next rental home. ILHousingsearch.org was created by the administration of Governor Pat Quinn to allow users to search through a range of features to find a home that fit their needs
IAR Releases 2010 Illinois Housing Market Forecast
December 15, 2009 Posted by Illinois RealEstateRama
Springfield, IL - December 15, 2009 - (RealEstateRama) — More optimism in terms of year-over-year home sales increases is projected in 2010 while the declines in median prices continue but at a lower rate of decline, according to the 2010 Illinois Housing Market Forecast released by the Illinois Association of REALTORS® and prepared by economists from the University of Illinois Regional Economics Applications Laboratory (REAL).
Quigley Rolls Up Sleeves to Help Weatherize Seniors’ Homes
December 7, 2009 Posted by Illinois RealEstateRama
CHICAGO, IL - December 7, 2009 - (RealEstateRama) — Congressman Mike Quigley (D-IL) and his staff recently volunteered with the Young Leaders of Korean American Community Services (KACS) at an event to weatherize over a hundred living units for local senior residents
$1.4M Grant to Provide Free Foreclosure Mitigation Counseling to Struggling Homeowners
November 20, 2009 Posted by Illinois RealEstateRama
CHICAGO, IL - November 20, 2009 - (RealEstateRama) — Today, the Illinois Housing Development Authority (IHDA) Board of Directors approved allocating a $1.4 million federal grant to fund free foreclosure counseling help for homeowners throughout Illinois
Illinois Department of Veterans’ Affairs brings awareness to homeless Vets at Prince Home Open house to share information, resources for homeless veterans
November 16, 2009 Posted by Illinois RealEstateRama
MANTENO, IL - November 16, 2009 - (RealEstateRama) — The Illinois Department of Veterans’ Affairs (IDVA) held an open house today at the Prince Home at Manteno to bring awareness to the resources the State of Illinois provides for homeless and disabled veterans. IDVA Director Dan Grant was joined by State Rep. Lisa Dugan (D-Kankakee) and State Sen. Toi Hutchinson (D-Chicago Heights) at the facility, which was the first in Illinois to provide permanent supportive housing for homeless veterans.
Business And Housing Stimulus Extended
November 6, 2009 Posted by Illinois RealEstateRama
Washington, D.C. - November 6, 2009 - (RealEstateRama) — The U.S. House of Representatives voted today to extend two economic stimulus provisions championed by Congresswoman Melissa Bean to aid struggling small businesses and support the recovering housing market.
