Freeport, Illinois — The Illinois Housing Development Authority has awarded the City of Freeport a $71,000 grant award under the Abandoned Properties Program. Funding for the program is derived from foreclosure filing fees paid by lending institutions and collected by the county clerk. The program was created in 2010 under the Save Our Neighborhoods Act.
The purpose of the program is to provide resources to municipalities and counties to assist with costs for the securing, demolition, greening, and maintenance of abandoned residential property. Through this grant award, the City of Freeport expects to demolish 10-12 blighted, abandoned residential properties. Unlike the Blight Reduction Program, the Abandoned Properties Program does not require property ownership by a nonprofit, streamlining and simplifying the demolition process.
The Illinois Housing Development Authority geographic set-asides for the program included 30% within Cook County, 25% within the City of Chicago, 30% within the counties of DuPage, Kane, Lake, McHenry, and Will, and 15% within the remaining areas of the state.
The City of Freeport was awarded a $25,000 Abandoned Properties Grant in 2016 in addition to two $525,000 Blight Reduction Program grants in 2015 and 2016 through the Illinois Housing Authority.
Cover photo: https://www.ihda.org/wp-content/uploads/2016/12/IHDA-Logo-on-Blue2.jpg
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