Other Initiatives
CAHMCO Rebuilding Project
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CAHMCO worked with volunteers to build a home for a widow and her children. After a tragic accident where a father and son drowned, a local social worker discovered that the family was living in a home which was in bad condition. Contractors advised that it should be torn down, rather than rehabbed. CAHMCO received $50,000 from the County HOME funds to build this family a new home. Local contractors and suppliers donated money and labor to assist in building this home. The project also received a set-aside of Illinois Affordable Housing Tax Credits to be allocated to donors.
Harvard Homeownership Program
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CAHMCO partnered with a local representative of a modular home company to develop 3 modular homes for sale to families with limited incomes. CAHMCO secured $4,000 per home from the Federal Home Loan Bank and another $9,000 from county HOME funds to provide a significant downpayment on the homes. In addition, CAHMCO the USDA Rural Housing Services program provided 1% interest rate loans for one of the low-income families. Using this combination of resources, CAHMCO was able to make these new homes available to families earning as little as $25,000 per year.
