Illinois Governor Helps Veterans Afford Homes

Illinois Governor Helps Veterans Afford Homes

Governor Pat Quinn of Illinois announced on Veterans day the investment of an additional $5 million to the Welcome Home Heroes financing package, which helps make homes more affordable for military families. This new Illinois Jobs Now! capital funding will allow an additional 500 military families to access a $10,000 forgivable grant toward the purchase of a new home, as well as a mortgage tax credit worth up to $20,000 over the life of the loan.

 

“As we honor our Illinois heroes on Veterans Day, we are proud to invest in the Welcome Home Heroes program to help those who sacrifice so much buy an affordable home,” Governor Quinn said. “The Welcome Home Heroes program offers a secure financing package that protects those who have committed their lives to protecting us. This program helps military homeowners and improves local real estate markets across Illinois.”

“We appreciate Governor Quinn tailoring a program to meet the needs of families like us. With the $10,000 down payment assistance, we had extra money to plan our wedding and begin our new life together,” said Army Sgt. 1st Class Eric Sereda. “The housing interest rates are so low, and Welcome Home Heroes was just too good to pass up.”

 

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