People rush to get in on ground floor of state mortgage program

SHARE People rush to get in on ground floor of state mortgage program

Home hustle . . .

Sneed hears the run for Gov. Pat Quinn’s subsidized mortgage program has already become a sprint.

■ Translation: Since Sneed exclusively tipped the Welcome Home Illinois Loan Program’s launch last Sunday, $5.2 million has already been reserved to finance applicants’ homes. Some interested parties have even walked into the governor’s office to ask about applying!

■ Back shot: The Illinois Housing Development Authority has $130 million earmarked for these mortgages and new home construction — and now there’s a few million less for eligible homebuyers.

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