New Cities to Use Low Interest Loans for Housing Rehab
New Cities Community Development Corp will rehabilitate vacant South Suburban houses using $5 million in low interest funds from Suburban Federal Bank. The money, sourced from the Federal Home Loan Bank of Chicago, targets affordable housing via lease-to-buy plans and HUD-sourced properties at discounts, with strict income and payment criteria.
MENTIONED IN THIS ARTICLE
Mary Sue Penn
Suburban Federal Bank of Harvey
New Cities Community Development Corp
Suburban Federal
Federal Home Loan Bank of Chicago
Federal
Dan Ryan
Expo Center
Harvey
Federal Home Loan Bank
Sauk Village
Country Club Hills
Markham
Matteson
Park Forest
U.S. Housing and Urban Development Department
Ron Weston
HUD
Otis Gilmore
Gilmore
Riverdale
Edward Ripley
Financial Institutions Reform, Recovery and Enforcement Act
Federal Savings and Loan Insurance Corp
Hill
Ryan
Village trustee presses Deer Creek School reopening
University Park village trustee Polly Bernd urged Crete-Monee District 2010 School Board to reopen Deer Creek School in University Park and include it in next year’s goals. The board noted the project’s $3 million renovation has not begun, with seventh and eighth graders still at Crete Monee Junior High as a pilot for a middle school model.
MENTIONED IN THIS ARTICLE
University Park Village
Polly Bernd
Crete-Monee
Deer Creek
University Park
Bernd
Crete- Monee Junior High
Hubbard Trail Junior High School
Crete
John Ritchie
Hubbard Trail School
Crete-Monee Junior High School
Ritchie
Robbery motive eyed in Olympia Fields home invasion
Police near arrest in last week's home invasion and attempted murder in Olympia Fields pursue a botched robbery theory. Detectives say drugs or organized crime are unlikely motives while a suspect possibly injured in the clash remains unconfirmed. A stolen car linked to the incident was recovered in Dixmoor as investigators inspect evidence.
MENTIONED IN THIS ARTICLE
Olympia Fields
Jim Keith
Keith
Apollo Circle
Dixmoor
December money dangers warned by Matteson counselors
Matteson Community Service Council counselors warn December is the toughest month for sound money management. They urge careful credit card use to avoid debt and note tax changes cutting personal interest deductions from 20 percent to 10 percent in 1990 and to zero in 1991.
MENTIONED IN THIS ARTICLE
Matteson Community Service Council
Community Service Council
Matteson
Zion Immanuel Holiday Program Planned Friday
Zion Immanuel Lutheran School bands perform with Celebrate Singers in a Friday program for parents and the public starting at 1 15 p m in the Zion Parish Activity Center. Room parties precede the program with a New Gift Drive collecting books and toys for needy families. Primary students dismiss at 150 p m and upper grades at 2 p m with classes resuming January 3.
MENTIONED IN THIS ARTICLE
Zion-Immanuel Lutheran
Celebrate Singers
Zion- Immanuel Lutheran
Zion Parish
PTL
Library to Close for Holiday Weekends
Park Forest Public Library to shut Saturday, Sunday, and Monday for Christmas. It will also close December 30 and 31 and January 1 for New Year’s. Regular hours resume January 2 after the breaks.
MENTIONED IN THIS ARTICLE
Park Forest Public Library
Park Forest
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