Sunday, August 31, 2008

New 0% Home Repair Loans Available

The West Suburban Preservation Agency (WSNPA) has been awarded $1,300,000 to do Single Family
Rehabilitation. This is a 0% interest deferred loan of up to $50,000 with no monthly payments as long as the
homeowner lives in and retains title to the home. The WSNPA office will determine the amount of
assistance for which the applicant is eligible. These loans are part of the Cook County Community
Development Block Grant Program and HOME Investment Partnerships Program, which are funded by the
U.S. Department of Housing and Urban Development. To qualify for this program you must:

• Reside in the Cook County portion of one of the following municipalities: Bellwood, Berkley,
Bridgeview, Broadview, Brookfield, Hillside, Chicago Ridge, Forest Park, Franklin Park, Hometown, La
Grange, La Grange Park, Lyons, Maywood, Melrose Park, Northlake, Schiller Park, Stone Park, and
Summit.
• Own and live in the home you wish to repair.
• Do not have the money to pay for the needed repairs.
• Have a total family income (before deductions) that is not higher than the amounts listed in the following
table:


Number of Persons in Maximum Gross
Household Income

1 42,200

2 48,250

3 54,250

4 60,300

5 65,100

6 9,950

7 74,750

8+ 79,600


The following are examples of eligible activities: Roofing, Doors and Windows, Electrical, Plumbing, Heating,
Weatherization, and handicap accessible conversions. Every loan application will be considered and homes will be
inspected by an inspector of West Suburban Neighborhood Preservation Agency. If you qualify you will be
assisted with the entire rehabilitation process by WSNPA staff. If you feel you may qualify, please call or
write to:

West Suburban Neighborhood Preservation Agency

900 N. 25th Avenue, Suite 201

Melrose Park, Illinois 60160

Phone: 708-410-2300

FAX: 708-410-2646

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