STERLING – The city has received a grant in the form of forgivable loans to help a few local homeowners with emergency repairs.
The city has about $80,000 available through the Illinois Housing Development Authority’s Emergency Loan Assistance Program. The money is administered locally through the Northwestern Illinois Housing Coalition.
Sterling just learned the money was available Wednesday afternoon, Mayor Skip Lee said.
“We are looking for three or four homes, and we can spend up to $20,000 per home,” Lee said.
Examples of emergency repairs are roofs, windows, furnaces, and water heaters.
The loans are forgiven if the owners remain in the home for 5 years after the work is completed.
To be eligible, the owners must live in the home, be at 80 percent or below the area median income, and be current on real estate taxes and homeowner insurance. In Whiteside County, 80 percent of the median income for a family of four would be $46,650.
This is the first time Sterling has received assistance through this program, Lee said.
“Not only are we helping our people have a better quality of life, but the better our housing situation looks, the more attractive we are as a community to developers,” Lee said.
A preliminary application form to determine eligibility is available at the main desk in City Hall, 212 Third Ave.