LiveEvanston is purchasing 100 homes and condos in two Evanston neighborhoods, completely rehabbing them, and selling them to buyers who meet income restrictions — typically $26,550 to $98,280. The program offers down payments as low as 3.5% and interest-free second mortgages of $7,000 to $50,000 that become grants over a period of time.
LiveEvanston’s efforts are concentrated to encourage area homeowners to invest in their properties and reverse the downward spiral in the targeted neighborhoods.
In the video, you’ll meet the LiveEvanston team and hear the experience of Chris Meeks, the program’s first buyer.
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