|September 16, 2014|
The Tax Increment Financing-Neighborhood Improvement Program (TIF-NIP) is a Department of Planning and Develop-ment (DPD) program that provides home repair grants in eligible TIF districts. Since1999, 25 TIF-NIPs have been created.The program provides home repair grants for single-family residences (1-4 units). Grants are primarily for exterior repairs,however, up to 30% of the grant may be used for interior repairs that are health and safety related. An exception is made to the 30% limit for energy conserving measures, including air sealing the home, replacing the boiler or furnace with a high-efficiency model and installing roof insulation below R-49.
Homeowners earning up to 100% of the area median income (AMI) are eligible. If household income is between 100 to 140% of AMI, homeowners must match the grant dollar for dollar. The TIF NIP Program is administered by the Department of Planning and Development and Neighborhood Housing Services who host community meetings to provide more information and distribute applications. Visit www.cityofchicago.org to find out more about TIFs and if you live within one.
Where: Mt. Pisgah (4622 S. King Dr.)
When: September 16, 2014, 6pm