Chicago First Time Home Buyers: Find your place – Chicago Tribune

Posted by HUD Homes Articles on Sep 6th, 2008 and filed under First Time Home Buyers. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Chicago to home buyers: Find your place
Chicago Tribune, United States - 21 hours ago

The city is launching a campaign to lure skittish home buyers off the sidelines to purchase $150,000 to $450,000 homes in which the city has an investment.

“Everything is slowing down,” Mayor Richard Daley said at a press conference Thursday announcing the Find Your Place in Chicago program. “You don’t want [city-assisted development] to stall.” The program will use a combination of price reductions, down-payment assistance and financial aid provided by the non-profit Partnership for New Communities, Harris Bank and private developers. Many developers are offering sales incentives that they will continue rather than finance new ones.

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