How can you get money from the government to rehab a house in Chicago?
Thursday, June 10th, 2010 at
7:54 pm
I heard that if you move into certain neighborhoods they will pay you to make the area nicer by rehabbing and renovating houses. Is this true….and if so,what neighborhoods in Chicago?
Real Estate Professionals
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Tagged with: House In Chicago • Money From The Government • Rehab • Rehabbing
Filed under: property renovation
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I think you are talking about grant programs. In certain downtrodden areas (usually inner city) grant money is made available to induce people to buy in those areas.
Talk to a REALTOR who has one listed in the area you are interested in. They will know if and how much money is available.
In my area we have had this happen with several areas. Once the homes start moving the grant money disappears so it is best to get in early.
This is a project for the Chicago Housing Authority!
This site has all the info that you would need about getting government funding for rehabbing buildings/abandoned lots. Click on the “Doing Business with CHA” tab on the top of the page.