The application deadline for the city of Auroras Single Family Home Restoration Program has been extended to Jan. 16.

The program, which reduces housing density of older neighborhoods by encouraging residents to restore their homes to their original intended use, provides forgivable loans of up to $30,000 to remove additional apartment units created in structures which were originally built as single-family residences. It covers hundreds of older Aurora homes that were subdivided after World War II.

Since 1994, the program has funded approximately 140 projects and removed over 200 units. The program is an incentive that will subsidize 90 percent of costs specific to returning a subdivided house back to single-family usage.

A maximum of three units are allowed for subsidy at $10,000 maximum subsidy per unit. Program funds can be used for engineering/architecture, building and planning fees, and construction costs related to a unit reconversion project.

Homes that receive program benefits can never again be divided or rented. The city is currently accepting program applications through 5 p.m. Jan. 16. Application packages are available on the city of Aurora website at: http://www.aurora-il.org under Quick Links. An application package and supporting materials are required.

Applications will be competitively ranked, and awards will be made in February.

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Aurora extends deadline for home restoration program

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December 9, 2014 at 1:49 pm by Mr HomeBuilder
Category: Home Restoration