Illinois beefs up home program for military
WESTCHESTER (AP) — A state program designed to help military members buy their first homes will get an additional $5 million, officials announced on Monday, capping off three days of Veterans Day commemorations across Illinois.
The so-called "Welcome Home Heroes" program began last year with $5 million through a capital fund. Gov. Pat Quinn said the additional money will help about 500 military members get their first home.
The help includes a $10,000 forgivable loan, a low interest rate on a 30-year mortgage, help with closing costs and a mortgage tax credit.
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