Home ownership is the key to keeping our neighborhoods stable, healthy and safe.
The Mayor announced that the City is expanding several programs, including City Mortgage and New Homes for Chicago, and adding two new programs within the next several months. Allstate will provide the financing at below market rates to ensure affordability. The other is the TIF Neighborhood Improvement Program. Underwritten by LISC and drawing on the funds of eight Chicago lending institutions, the program will provide facade improvement grants to homeowners in parts of Woodlawn and Bronzeville. The grants will be repaid through increased property tax revenues from the area.