The motion to accept and execute a grant agreement from the Illinois Housing Development Authority for the Trust Fund Emergency Repair Program was carried on Feb. 18, during a Kankakee Council meeting.
This grant agreement allows for emergency repairs, providing more flexibility to repair more homes and bring them up to housing standards. The Illinois Housing Development Authority is a self-supporting state agency that strives to preserve affordable housing for residence. According to the Kankakee Council, the city fronts the money and is then reimbursed through this program.
This program offers low-income homeowners emergency repairs through a $20,000 grant. A press release from the Illinois Housing Development Authority from Sept. 30, 2013, said that the launch of the Illinois Emergency Repair Program will help over 200 low-income homeowners and allow them to continue living in their homes by keeping them habitable. This grant will be especially beneficial for seniors and those living with disabilities.
The Illinois Emergency Repair Program lets those who quality to apply for grants for repairs. Repairs could include roof repair, HVAC systems, and electrical and plumbing systems. Not only will the grant allow for improved housing in the community, it will also generate 50 jobs and an estimated $3.5 million in local income and wages and $290,000 in local taxes, according to the press release.
The Illinois Emergency Repair Program will work with the residence of Kankakee to provide better housing for low-income families. The Illinois Affordable Housing Trust Fund, which is generated from half of the state real estate transfer fee, is funding this program.
No comments:
Post a Comment