Housing Programs to Help Residents & Improve Neighborhoods

Published by: Admin Department
Date Posted: 8/8/2008

During these extraordinary times of the housing downturn and skyrocketing costs of basic necessities such as gas and groceries, families and communities from all walks of the life are feeling the impact.  The Affordable Housing Corporation of Lake County has programs that can help.

 

  • Mortgage Programs You Can Feel Good About:  Homebuyers receive up to $50,000 in no/low-interest loans toward their mortgage to help lower their monthly payments and boost their purchasing power. 
  • Home Improvement Programs:  Homeowners receive up to $75,000 in no/low-interest loans and technical assistance to insure quality work done by reputable contractors at a fair price. 
  • Homebuyer Education & Counseling:  Helps buyers navigate the complex home purchase process, overcome credit and debt issues, and prepare for a financially successful life as a homeowner.  
  • Foreclosure Prevention Counseling:  Practical guidance and intervention with the mortgage lender for those behind on their mortgage payments.

 

Low-Interest Mortgages Available for Lake County Homebuyers.  Buying a home in expensive Lake County can make the American Dream seem like the impossible dream.  Fortunately, Lake County offers help from a nonprofit agency you can trust.  The Affordable Housing Corporation helps homebuyers lower their monthly mortgage payments by as much as $275 per month through a mortgage package that includes up to $50,000 in assistance for downpayment and closing costs, as well as a fixed-rate below market interest rate loan with no mortgage insurance.  AHC also offers home buyer education classes, and individual counseling for those struggling with credit and debt issues.  For more information, log onto www.ahclc.org or call 847/263-7478.

Do You Have Home Repair or Home Improvement Needs?   Help is available for homeowners dealing with all kinds or repair and improvement needs.  Electrical, plumbing, heating, water, sewer, windows, roofs, making your home handicap accessible, and much more.  The Affordable Housing Corporation of Lake County, a nonprofit community agency, helps eligible homeowners with low-cost financing.  Depending on your circumstances, you may be eligible for one or a combination of the following:

  •  A 0-% interest loan of up to $50,000, with no payments due until you sell the home, transfer title, or get a cash-out refinance.
  •  A 15-year fixed loan of up to $25,000 with an interest rate typically less than half of what is offered by the marketplace (guaranteed rate of 2.50% through 12/31/08).

 

AHC also provides free technical assistance to insure the work is done properly by reputable contractors.  For more information, log onto www.ahclc.org or call 847/263-7478. 

Are You Behind on Your Mortgage Payments?  Free confidential counseling is available from the Affordable Housing Corporation, a local nonprofit agency.  We can help you understand your rights and options and even intervene with your mortgage lender on your behalf to create a workout plan.  Note that AHC does not have money to give away to homeowners.  For more information, log onto www.ahclc.org or call 847/263-7478. 

Looking to buy a home or to make home repairs and improvements?  The Affordable Housing Corporation, a local nonprofit agency, offers a variety of low-interest loans, grants and education programs that can help.  For more information, log onto www.ahclc.org or call 847/263-7478.