The parameters around DuPage County’s proposed first-time homebuyers down payment assistance program were hashed over recently as officials turn their attention toward the new fiscal year that is set to take hold in less than a month.
The assistance program is part of County Board Chair Deborah Conroy’s $710.7 million spending plan for the new fiscal year, which begins Dec. 1 and runs through Nov. 30, 2027. The budget and corresponding levy is due for adoption at the board’s next meeting on Tuesday, Nov. 24.
Illinois Housing Development Authority to administer program
At the board’s Tuesday, Nov. 10, meeting, Mary Keating, the county’s director of community services, provided an overview of the program and how it is to be administered once launched.
It is anticipated the Illinois Housing Development Authority, or IHDA, will administer the program, Keating indicated…