Funding available for home restoration program

Beacon-News STaff February 18, 2014 6:56PM

Updated: February 19, 2014 11:15AM

The city of Aurora announces another round of funding for the Single Family Restoration Program.

The program provides homeowners with forgivable loans of up to $30,000 to remove additional apartment units created in structures which were originally built as single-family residences. This program may be eligible to address hundreds of older Aurora homes that were subdivided after World War II.

The program is an incentive that will subsidize 90 percent of costs specific to returning a subdivided house back to single-family usage. A maximum of three units are allowed for subsidy at a $10,000 maximum subsidy per unit.

Program funds can be used for engineering/architecture, building and planning fees and construction costs related to a unit reconversion project. Owners must currently live in one of the units, and homes that receive program benefits can never again be divided.

The city will take program applications through 5 p.m., March 28. Application packages are available on the city of Aurora website at: http://www.aurora-il.org.

An application package and supporting materials are required.

Original post:
Funding available for home restoration program