$1.5M in repair funds available for low-income QC homeowners

Forgivable loans up to $45K

Neighborhoods like this one are the targets of housing repair and revitalization programs through the Illinois Housing Development Authority. CREDIT IHDA

Residents in the Illinois Quad Cities soon will be able to apply for more than $1.5 million in financial assistance to pay for necessary home improvement projects.

The Illinois Housing Development Authority (IHDA) recently announced the grand opening of the Home Repair and Accessibility Program (HRAP) designed to assist low-income and very low-income homeowners with health, safety, accessibility, and energy efficiency repairs to their homes. 

Local funding includes:

  • City of Moline – $300,000.
  • City of Rock Island – $300,000.
  • Project NOW, Inc. – $300,000.
  • Rock Island Economic Growth Corp. (GROWTH) – $650,000.

These entities are among the 36 local government and nonprofit organizations statewide included in the current funding round with proven experience in operating and administering homeowner rehabilitation assistance programs.

The HRAP is designed to support health, safety, accessibility and energy efficient repairs to qualifying households and is designed to serve underfunded communities and ensure residents are able to stay in their homes.

In all, HRAP will provide $15.3 million statewide to preserve existing affordable housing stock, provide investment in underserved communities, improve the health and well-being of occupants, and help people with disabilities stay in their homes and communities, according to a news release from Illinois Gov. J.B. Pritzker’s office.

Eligible homeowners may receive up to $45,000 to cover necessary repairs through a five-year, forgivable loan. To be eligible, homeowners must be at-or-below 80% of the Area Median Income based on household size, current on their mortgage payments, and the property must be single-family.

“This is a great investment in our communities, giving them the resources and support they need,” said Illinois Sen. Mike Halpin, D-Rock Island, while encouraging Quad Cities to apply.

“This assistance is much-needed throughout the community,” he added. “There are homeowners in dire need of maintenance to make their homes safe and accessible so they can stay in their communities.”

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