Through IHDA’s network of 180 participating lenders, $1.5 billion in loans were made to 12,200 families, generating 6,100 jobs and infusing $297.6 million into Illinois’ economy. FY2015 was IHDA’s biggest year in over 30 years of mortgage lending and the most productive year in HFA history.
Abbie’s New Family Home
IHDA Homeownership
Abbie’s Story
When 24-year-old Abbie Sundberg’s mother lost her battle with cancer, the dedicated single mom was determined to find a stable home to raise her two young children and three siblings. “I wanted to have enough living space for everyone.”
Finding a large enough home wasn’t the only challenge – saving for the large down payment could take years. In December 2014, IHDA’s Welcome Home Illinois program provided the answer to her dreams with $7,500 in down payment assistance and a below-market interest rate.
Challenges
IHDA’s Solution
IHDA introduces programs to help interested and qualified homebuyers enter the marketplace, including Welcome Home Illinois focusing on first-time buyers.
The Results
Homebuyer Profile
