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Considering a home purchase? Then you need to know about the Homebuyer's Property Tax Refund Program, a first-of-its-kind initiative to give property tax relief to buyers of distressed or newly built homes.
[caption id="attachment_1712" align="alignright" width="242"] Buying a Home in Rockford Could PAY![/caption]F...
[caption id="attachment_1677" align="alignright" width="359"] THE CITY OF ROCKFORD HOMEBUYER'S PROPERTY TAX REFUND PROGRAM[/caption] A broad coalition of leaders from Rockford-area taxing bodies, along with the Rockford Area Association of Realtors, today announced a new program to encourage investment...
The City of Rockford's Community Development Department and its partner, HomeStart, have announced the startup of the Homebuyer Rehabilitation Assistance Program. This program will offer financial assistance to approximately 20 applicants to acquire and rehabilitate vacant properties in the City of Rockford. Eligible homebuyers will receive between $3,000 to $5,000 for down payment and closing cost assistance and up to $20,000 for rehabilitation of the property. Additional grant funds may be available from the City of Rockford through its Federal HOME Investment Partnerships. Only vacant single-family properties are eligible for the program. "This is a wonderful opportunity to encourage home ownership, rehabilitate some of Rockford's vacant homes, and create jobs for those in the construction trade," said Rockford Mayor Larry Morrissey (I). "The Illinois Housing Development Authority continues to be an important partner in the stabilization of Rockford's neighborhoods. We appreciat...
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