Members of the Regional Home Ownership Preservation Initiative sent a letter urging the Illinois delegation to the U.S. House of Representatives to vote against t H.R. 839, The HAMP Termination Act of 2011, which would cancel funding for the Home Affordable Modification Program (HAMP). In the letter, Housing Action Illinois, Metropolitan Planning Council, Neighborhood Housing Services of Chicago, South Suburban Mayors and Managers Association, and Woodstock Institute told representatives:
Today, the South Suburban Mayors and Managers Association (SSMMA) was awarded a $2.4 million Sustainable Communities Challenge Grant from the U.S. Dept. of Housing and Urban Development (HUD) to strengthen the Southland through a redevelopment strategy that builds off existing and planned rail assets and related housing and economic development opportunities.
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YOU MAY BE ELIGIBLE FOR A LOAN MODIFICATION IF YOU:
· Are behind on your mortgage or at risk of falling behind due to a hardship;
· Are an owner-occupant of a 1 to 4 unit property;
· Have a loan that was originated before January 1, 2009; and
· Have income that will support monthly mortgage payments.* Read more »
Cook County rewards communities with more than $12M for taking collaborative approach to foreclosure recovery
The Cook County Board of Commissioners on Wednesday awarded a total of $12,068,039 in foreclosure recovery funding to two groups of communities in south and west Cook County, recognizing that these municipalities will make the most of these investments as a result of their trailblazing efforts to work across municipal borders on comprehensive, sustainable redevelopment plans.