Chicago pushes $21M home-purchase program, state expands its own

Chicago pushes $21M home-purchase program, state expands its own – Center Square

One of the provisions to make it through the General Assembly’s spending plan provides taxpayer funds to support first-time homebuyers with a down payment and associated fees. Gov. JB Pritzker’s program, however, provides the aid as a state-backed mortgage, while Chicago Mayor Brandon Johnson's ‘Homegrown Purchase Assistance Program’ will be funded through an existing $1.25 billion Housing and Economic Development Bond taken out by Johnson’s adm…

Chicago pushes $21M home-purchase program, state expands its own

(The Center Square) – Affordable housing continues to be an area Illinois leaders seek to address through expanded taxpayer-funded spending at multiple levels of government in the state.