Village of Oak Park offers new program for small rental properties

The Village of Oak Park Housing Programs Division is pleased to announce that beginning in 2011 we will offer a Small Rental Properties Rehabilitation Loan Program. Rental properties with fewer than eight units may be eligible for forgivable loans of up to $5,000 per unit. General property repairs, unit upgrades and energy efficiency improvements are types of eligible improvements.

An informational meeting for property owners will be held on Tuesday, December 14, 2010 at 7:00 pm in the Council Chamber at Oak Park Village Hall, 123 Madison Street, Oak Park, Illinois.   Feel free to contact us at 708 358 5410 or housing@oak-park.us if you have any questions.

Contractors interested in working on these projects are invited to attend a contractors meeting on Monday, December 13, 2010 at 3:00 pm in the Council Chamber at Oak Park Village Hall, 123 Madison Street, Oak Park, Illinois.   Feel free to contact us at 708 358 5410 or housing@oak-park.us if you have any questions

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