Gov. Pat Quinn was in southern Illinois on Thursday, April 24, 2014, to promote the Welcome Home Illinois program.
On hand for the event were Illinois REALTORS® including Meghan Aloffo and Jeff Moss, who talked about the importance of housing to the state’s economy and the benefits of the program.
Quinn made stops in Marion and Collinsville as part of the promotional tour.
The Welcome Home Illinois program is administered through the Illinois Housing Development Authority and:
- Can offer up to $7,500 cash assistance to help with a downpayment.
- Provides a 30-year, fixed-rate mortgage at a below-market interest rate.
- And the effort provides several loan programs to choose from.
Those eligible for the program must pay $1,000 or 1 percent of the purchase price, whichever is greater, purchase a one- or two-unit property and live in the property as a primary residence.
The full details are outlined on the program’s website.
Quinn kicked off promotion of the program on April 14 with a trip to several northern Illinois cities. Illinois REALTORS® were on hand for the announcements there. He also discussed the program with REALTORS® during meetings held during IAR’s Capitol Conference and Lobby Day.