JEFFERSON PARK — Northwest Side homeowners with delinquent property taxes could get financial help under a new program.
The Delinquent Tax Loan Program, which began in January from the Northwest Home Equity Assurance Program, was developed for homeowners at risk of losing their homes because they’re unable to pay property taxes in Jefferson Park, Irving Park, Belmont Cragin and parts of Portage Park and Dunning.
Applications for the tax loan program are available online. A select number of eligible applicants will have their home tax bill paid up to $5,000, according to a news release from the Northwest Home Equity Assurance Program.
Last year saw an increase in Cook County homeowner taxes of about 32 percent. The Northwest Side program’s organizers felt “galvanized to assist in any way possible,” according to a news release.
Ivy Ellis, executive director of The Northwest Home Equity Assurance Program, said the tax delinquent program is an innovative opportunity.
“This program is game-changing, and we hope our innovation encourages and inspires,” Ellis said in the news release. “Our ultimate goal is that we can save homes, keep those who want to stay in place, as well as support our community through neighborhood stabilization.”
The Northwest Home Equity Assurance Program, which was created 30 years ago to assist the value of residents’ homes in the case of a loss, is also partnering with Northwest Center to provide financial education to those approved for the tax program.
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