Illinois program scrubs student loans for people who buy a home fox6now.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox6now.com Daily Mail and Mail on Sunday newspapers.
Illinois program scrubs student loans for people who buy a home
By Audrey Conklin
The Illinois Housing Development Authority’s SmartBuy program helps student loan borrowers
launched in December, will pay eligible Illinois residents 15% up to $40,000 of the purchase price of a new home to help pay off their student loan debt.
SmartBuy will also give between 500 and 1,000 new homeowners with incomes of less than $109,000 a 30-year, fixed-rate first mortgage with a deferred $5,000 for down payment or closing cost assistance, according to a press release from the IHDA.
The IHDA did not immediately respond to inquiries from FOX Business.
WBGZ Radio 3/16/2021 |
By Kevin Bessler - Illinois Radio Network
As more people get vaccinated and more businesses are able to open up, many Illinois families are still struggling to pay their rents and their mortgages until they can get back to work.
Rodrigo Carrillo, director of strategic initiatives for the Illinois Housing Development Authority (IHDA), says helping people stay in their homes until they can get back on their feet is Illinois’ goal.
The IHDA aims to distribute over $500 million in rental and mortgage assistance for 2021.
The housing crisis of 2008 taught us that it is cheaper and more cost-effective to keep people in their homes, Carrillo told Illinois Radio Network.
WBGZ Radio 3/16/2021 |
By Greg Bishop - Illinois Radio Network
Two weeks to slow the spread has turned into a full year, and government policies in response to the COVID-19 pandemic are having lasting impacts on Illinois businesses and landlords.
On March 16, 2020, Gov. J.B. Pritzker closed restaurants and bars to indoor service. Over 12 months, he’s flipped the on-off switch several times with executive order and emergency rules limiting business activity.
“[T]he governor extended his state of emergency power by delivering executive order after executive order a total of 76 times, shutting down our economy and making massive public health decisions without the inclusion of the legislature or the communities we represent,” said Illinois Senate Minority Leader Dan McConchie.
Illinois program scrubs student loans for people who buy a home foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.