Peoria Public Radio News
3:25 pm
Wed May 8, 2013

State officials to host housing event in Peoria

Officials with the Illinois Housing Development Authority will be in Peoria next weekend to help area residents with down payment assistance on a home and foreclosure prevention. The event aims to give residents access to various housing programs all in one place.

Bankers will be on hand to provide on-site loan modifications, and homeowners can apply for up to 35-thousand dollars in assistance to reinstate their mortgages or help pay their monthly payments. Mary Kenney is the Executive Director of the state agency.

"There has been a recent decline in foreclosures, not only in Peoria but across the state.  But recent records show that are still over 22-hundred families in the Peoria-metro area that are seriously delinquent on their mortgages."

Kenney says local lenders will also be on hand to pre-qualify homebuyers and help them apply for down payment assistance and federal tax credits. Homebuyers can also apply to receive 10-thousand dollars in down payment assistance if they purchase a vacant home in the city of Peoria. The housing event is at the Peoria Civic Center on Saturday, May 18th from 9 to 2. Potential homebuyers must register for the event at www.ihda.org.