Funding also will help low-income buy homes
SPRINGFIELD | Illinois is set to get about $170 million in federal funds to rehabilitate foreclosed homes, fight blight and help low-income people buy property.
Illinois' share of $3.9 billion from the Neighborhood Stabilization Program will go to 13 cities and the state Department of Human Services, which will get $53 million.
The funds will be available to renovate abandoned and foreclosed property to resell it or transform it into affordable housing, and to offer financing to low-income people to buy such homes.
Here are the recipients and the amounts they'll receive:
- Illinois Department of Human Services, $53.1 million
- Chicago, $55.2 million
- Cook County, $28.2 million
- Will County, $5.2 million
- Aurora, $3 million
- Cicero, $2.1 million
- DuPage County, $5.2 million
- Elgin, $2.2 million
- Joliet, $3.5 million
- Kane County, $2.6 million
- Lake County, $4.6 million
- McHenry County, $3.1 million
- Rockford, $2.3 million
- St. Clair County, $2.3 million
Posted in Local on Tuesday, October 14, 2008 12:00 am Updated: 12:44 am.
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