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.


The Latest
The set scheduled for Sunday afternoon at Grant Park was cancelled due to issues on both sides, organizers said.
Yet the Sueños headliner filled Grant Park for the first night of Chicago’s biggest annual Latin music event.
The man was in the 1400 block of South Harding Avenue when he was killed around 1 a.m. Sunday, police said.
The women were on their way Saturday night to a police station to make a report when they hit an SUV, according to police.
A 28-year-old man was pronounced dead at Mount Sinai Hospital.