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Federal Program Will Turn Foreclosures Into Rentals

If I had money to invest, it would go right into the housing market. Chicago real estate values are hovering around their 2001 levels, and interest rates are at record lows. The time to buy is now. Of course, being upside-down in my own mortgage, I am in no position to be investing in the [...]

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There’s a Heap of Help to Heat Low-Income Illinois Households

So far, we’ve had a pretty mild winter, but it’s still cold out there, and there are plenty of Illinois and Chicago real estate owners and renters who are having trouble covering their heating costs. Those residents should know about LIHEAP. More than $185 million has been set aside to help some of those Illinois [...]

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How Will You Spend MLK Day Around Chicago?

To some, Monday is a day off. What it should be is a day on. Monday, January 16 is Martin Luther King Jr. Day. The visionary would have been 83 years old. The day is a federal holiday, which means all federal, state, county and city offices will be closed, along with most schools, banks, [...]

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Like Raising Money for Housing? Then, Like!

Now, here’s an easy way to help raise money for affordable housing. Valspar Paint and Habitat for Humanity have teamed up to create Like to Change the World, in which for every new “like” the paint company receives this month on Facebook, it will donate $1 to Habitat for Humanity, up to $100,000, to support [...]

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New Housing Opportunities for Chicago’s Disabled

Illinois is getting $15 million to rehab vacant Chicago condos into homes where residents with physical disabilities can live independently. This new public-private Home First Illinois initiative is getting the funds from the Illinois Jobs Now! capital program. For the first phase of the project, 18 condos in the Chicago area will be rehabbed. Nonprofit [...]