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Funding also will help low-income buy homes

Illinois in line to get $170M to rehab foreclosed homes

Illinois in line to get $170M to rehab foreclosed homes
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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

Copyright 2012 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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