Opening Doors is designed, the governor’s office said, to help underserved populations and households of color when applying for a mortgage and buying a home. IHDA will provide a 30-year first mortgage with a competitive fixed interest rate and $6,000 to help with both down payment or closing costs.
Years ago programs like this were in East St louis…and we can see how that turned out
debtsor
2 years ago
““Every Illinoisan, no matter their race, economic status, or zip code, deserves access to homeownership to build better lives for themselves and their families,” Pritzker said.”
Yes, this is the law as written, but the unwritten law will be to deny anyone who isn’t BIPOC
Old Joe
2 years ago
This is the progs version of section 8 for home buyers. Not content to rent on the cheap in a nicer hood?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Years ago programs like this were in East St louis…and we can see how that turned out
““Every Illinoisan, no matter their race, economic status, or zip code, deserves access to homeownership to build better lives for themselves and their families,” Pritzker said.”
Yes, this is the law as written, but the unwritten law will be to deny anyone who isn’t BIPOC
This is the progs version of section 8 for home buyers. Not content to rent on the cheap in a nicer hood?
Np, we’ll pay your mortgage there too!