Illinois homeowners facing foreclosure may soon be eligible for up to $35,000 in mortgage assistance.
Gov. Pat Quinn announced that beginning April 1 the Illinois Housing Development Authority is increasing the amount eligible households may receive from the Illinois Hardest Hit program. Currently homeowners may receive $25,000.
Quinn's office says the increase will help an additional 500 families keep their homes.
The program is funded through the U.S. Department of the Treasury. Quinn says it has helped more than 7,000 homeowners avoid foreclosure since 2011.
The program provides money to homeowners whose income has been reduced because of unemployment or underemployment. The money may be used toward a monthly mortgage payment or to reinstate a past-due mortgage.
Quinn says the program helps make Illinois' economy stronger.
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Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
On this week's Ask the Expert, Redfin real estate agent and local housing market expert Jenna Smith answered your questions about pre-financial crisis prices, a good time to buy and what "comps" are.
On this week's Ask the Expert, Redfin real estate agent and local housing market expert Jenna Smith answered your questions about pre-financial crisis prices, a good time to buy and what "comps" are.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
A Chicago startup wants to make finding your lost items easier, with a new website and mobile app called "crowdfynd." Co-founders Jay Sebben and Pinaki Saha explained how they're helping relieve your anxiety.
A Chicago startup wants to make finding your lost items easier, with a new website and mobile app called "crowdfynd." Co-founders Jay Sebben and Pinaki Saha explained how they're helping relieve your anxiety.
Sunday, May 19 2013 11:50 AM EDT2013-05-19 15:50:06 GMT
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
Friday, May 17 2013 2:26 PM EDT2013-05-17 18:26:00 GMT
The Powerball jackpot has jumped again! An incredible $600 million is up for grabs, and officials expect it will increase even more before Saturday night's drawing.
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The Powerball jackpot has jumped again! An incredible $600 million is up for grabs, and officials expect it will increase even more before Saturday night's drawing.
Chicago born designer Samantha Sleeper is making a triumphant return home this weekend, to showcase her latest collection in the Gold Coast at her very own pop-up shop.
Chicago born designer Samantha Sleeper is making a triumphant return home this weekend, to showcase her latest collection in the Gold Coast at her very own pop-up shop.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Thursday, May 16 2013 1:51 PM EDT2013-05-16 17:51:56 GMT
The Chicago Farmer's Market opened for business in Daley Plaza on Thursday, offering fresh fruit, vegetables, plants and flowers to anyone who stops by the downtown set-up.
The Chicago Farmer's Market opened for business in Daley Plaza on Thursday, offering fresh fruit, vegetables, plants and flowers to anyone who stops by the downtown set-up.
You can save thousands of dollars on your yard projects in just a couple of weekends, even if you haven't tried working on it before! FOX consumer reporter Steve Noviello shows you how.
You can save thousands of dollars on your yard projects in just a couple of weekends, even if you haven't tried working on it before! FOX consumer reporter Steve Noviello shows you how.
Tuesday, May 21 2013 6:04 PM EDT2013-05-21 22:04:36 GMT
Rescue crews aren't the only ones heading to help tornado victims in Oklahoma. Addison's Lutheran Church Charities sent ten comfort dogs to Moore on Tuesday, to help console victims.
Rescue crews aren't the only ones heading to help tornado victims in Oklahoma. Addison's Lutheran Church Charities sent ten comfort dogs to Moore on Tuesday, to help console victims.
Tuesday, May 21 2013 4:54 PM EDT2013-05-21 20:54:15 GMT
A Jacksonville man has pleaded guilty to fatally stabbing a Chicago fan at a popular waterfront shopping area before a Bears/Jaguars football game last fall.
A Jacksonville man has pleaded guilty to fatally stabbing a Chicago fan at a popular waterfront shopping area before a Bears/Jaguars football game last fall.
Tuesday, May 21 2013 2:53 PM EDT2013-05-21 18:53:12 GMT
Police are asking for help to identify the body of woman or teen girl found strangled and badly burned in a Northwest Side Avondale neighborhood Dumpster Sunday night.
Police are asking for help to identify the body of woman or teen girl found strangled and badly burned in a Northwest Side Avondale neighborhood Dumpster Sunday night.
Tuesday, May 21 2013 1:51 PM EDT2013-05-21 17:51:14 GMT
Emergency crews searched the broken remnants of Moore, Okla. for survivors of a tornado that flattened homes and demolished an elementary school. At least 24 people were killed, including at least nine children.
Emergency crews searched the broken remnants of Moore, Okla. for survivors of a tornado that flattened homes and demolished an elementary school. At least 24 people were killed, including at least nine children.
Tuesday, May 21 2013 1:12 PM EDT2013-05-21 17:12:24 GMT
Every time a tornado makes news, the local public cannot help but think about what happened in this area, back in 1967. A destructive storm system hit the southwest suburbs 46 years ago.
Every time a tornado makes news, the local public cannot help but think about what happened in this area, back in 1967. A destructive storm system hit the southwest suburbs 46 years ago.
