TIF Neighborhood Improvement Program
24th Ward Alderman Michael D. Chandler is pleased to announce a public informational meeting has been planned with the City of Chicago Department of Housing and Economic Development (HED) to discuss the program and grant application guidelines for the Midwest Tax Increment Finance - Neighborhood Improvement Program (TIF-NIP).
The informational meeting is scheduled to be held on Thursday, July 12, 2012, from 6:00pm-8:00pm at John Marshall High School Auditorium, located at 3250 W. Adams Street. Entrance to the Auditorium can be obtained from Kedzie Avenue & Monroe Streets.
“I am pleased the City of Chicago Department of Housing and Economic Development (HED) are sponsoring this important informational meeting on the TIF-NIP program. This program will provide 24th Ward residents the opportunity to find out how the program operates and how to apply for this grant funding to address needed repairs and improvements to their homes,” stated Chandler.
The community meeting will allow residents to ask questions as well as provide information about: 1) Grant Funding Amounts; 2)Program Eligibility Requirements; 3) Types of Eligible Home Repairs; and 4) Program Administration.
The TIF-NIP program provides grant funding, which does not have to be repaid, for home repairs on single-family residential properties. The program is open to eligible owner-occupants of one to four (1-4) unit residential properties located only within the MIDWEST TIF DISTRICT.
Grants are primarily used for exterior repairs; however, up to 30 percent of the grant may be used for interior repairs that are health and safety related. Grant amounts are based on the number of units per residence. The TIP-NIP is administered by the City of Chicago Department of Housing and Economic Development.
An informational flyer on this event can also be obtained through Alderman Michael D. Chandler’s website. The website address is: www.aldermanchandler.com.
Stop in at our Constituent Service Office, 1158 South Keeler Avenue, call 773/533-2400, or click on www.aldermanchandler.com