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State officials to host housing event in Peoria

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Officials with the Illinois Housing Development Authority will be in Peoria next weekend to help area residents with down payment assistance on a home and foreclosure prevention. The event aims to give residents access to various housing programs all in one place.

Bankers will be on hand to provide on-site loan modifications, and homeowners can apply for up to 35-thousand dollars in assistance to reinstate their mortgages or help pay their monthly payments. Mary Kenney is the Executive Director of the state agency.

"There has been a recent decline in foreclosures, not only in Peoria but across the state.  But recent records show that are still over 22-hundred families in the Peoria-metro area that are seriously delinquent on their mortgages."

Kenney says local lenders will also be on hand to pre-qualify homebuyers and help them apply for down payment assistance and federal tax credits. Homebuyers can also apply to receive 10-thousand dollars in down payment assistance if they purchase a vacant home in the city of Peoria. The housing event is at the Peoria Civic Center on Saturday, May 18th from 9 to 2. Potential homebuyers must register for the event at www.ihda.org.