Friday, January 04, 2008

Do your lower income clients need an extra $2,000 to purchase a home?

The Illinois Department of Human Services, the Partnership for HomeOwnership and IHDA offer “Assets Illinois,” whereby potential homebuyers can start a savings account at their bank, depositing what they can afford and matching funds will be given towards their home purchase. Applicants must sign up for the program and agree to have a set amount of funds withdrawn from their savings account each month and deposited with the IDHS. Applicants have up to 18 months to save towards their purchase. To find out more, go to www.dhs.state.il.us/assets. Questions? Contact Kevin Davy, IDHS, 866-441-8540 or Kevin.Davy@illinois.gov.

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