Galesburg, IL, May 26, 2011 -- Homeownership Fair to Provide Options for Affordable Financing
Galesburg, Ill., May 26, 2011—Local homebuyers and homeowners with modest income will have a one-time opportunity June 9 to learn about the numerous affordable financing solutions available to them. In recognition of June as Homeownership Month, USDA Rural Development and five other organizations will host a homeownership fair between 10:00 a.m. and 2:00 p.m. at the Fulton County Health Department Community Room at 700 E. Oak St. in Canton. The fair is free and open to the public.
The other participating organizations include Central Illinois Debt Management and Credit Education, METEC Housing Counseling Resource Center, Illinois Housing Development Authority, Illinois League of Financial Institutions and Fulton County Weatherization Assistance. The fair will allow attendees to pick and choose to talk with the agencies that best suit their needs.
“We want to give homeowners and those who want to be homeowners in the Fulton County area the opportunity to talk to people with tremendous experience and expertise on housing and financial assistance,” said Colleen Callahan, state director for Rural Development in Illinois. “There will be a treasure chest of resources, all under one roof, to help homeowners and homebuyers get the answers to their housing questions.”
The organizations will provide housing information that can help homebuyers with low-to-moderate incomes afford to buy the homes they want. The wide range of homeownership programs include home loans with 100 percent financing, loans with subsidized payments, down payment and closing cost assistance, credit counseling and debt management. Information will also be available to help current homeowners with limited incomes afford to make needed repairs and improvements.
The fair also provides a good opportunity for realtors, lenders and social service workers to learn about the most up-to-date assistance for their clients. Area residents are welcome to spend as much or little time as they want at the fair. Door prizes will be awarded and refreshments served.
Rural Development has more than 40 programs that foster growth and economic stability in rural areas by providing affordable financing and technical assistance. Support is available for regional food systems, broadband and biofuel infrastructure, homeownership, business development and community needs. More information on USDA Rural Development programs is available on the web at www.rurdev.usda.gov/il. USDA is an equal opportunity provider, employer and lender.