Illinois Housing Development Authority Releases Application for $8 Million to Strengthen Neighborhoods

The Illinois Housing Development Authority (IHDA) announced $8 million in funding is available to help spur community redevelopment through the elimination of blighted and abandoned residential properties. Municipalities, counties and land banks may apply for grants through the fifth funding round of the state’s Abandoned Residential Property Municipality Relief Program (APP), an ongoing program that assists local government agencies with the maintenance and demolition of abandoned residential properties in their communities. The application will remain open until Feb. 16, 2021 at 3 p.m. CST and is available online at: www.ihda.org/my-community/revitalization-programs. Established by the Illinois General Assembly through the Save Our Neighborhoods Act (P.A. 96-1419), the APP program provides grants of up to $250,000 to help municipal governments address the lasting impact of the foreclosure crisis by securing, maintaining, demolishing or rehabilitating abandoned homes. The APP program is funded through a filing fee paid by banks and other lending institutions on a sliding scale based on how many foreclosures they file each year. The Abandoned Property Program is available statewide. Applicants must be a municipality, county or land bank located in the State of Illinois. However, a county or municipality may join with other counties or municipalities and together submit a single application. For any questions about the application process, applicants should contact IHDA’s Community Affairs Department at APPinfo@ihda.org.

 

Photo Gallery