by Kristina Rasmussen

Rebecca Boykin, Communications Manager for the Illinois Housing Development Authority, provided me with this update on the $100,000 grant slated to go to ACORN Housing:

The Illinois Housing Development Authority (IHDA) awarded a $100,000 grant to ACORN Housing Corporation, Inc. as part of the Predatory Lending Database Program, which helps provide counseling for homebuyers facing predatory loans, in an effort to decrease the likelihood of future foreclosures. ACORN Housing was selected for funding following an application process that included a review of its HUD certification. Under the grant guidelines, ACORN Housing is required to submit a progress report later this month. They've been granted a portion of the $100,000. The remainder is under review in light of recent events.