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NOT ABOUT THE HOME
BUT ABOUT THE FAMILIES
WHAT IS A MATTHEW HOME? WHO IS IT FOR?
Attainable Homeownership
Community stakeholders who love their neighbors and seek the wellbeing of North Chicago
Strategically placed homes, 2 per block for 150 blocks to catalyze a Tipping Point
We give priority to families who work or rent in North Chicago
Money received at closing is reinvested in future Matthew Homes
FINANCIAL MODEL
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Homes typically range from $175k to $250k (Rehab and New)
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As homes are sold, most of the funds are reinvested in future Matthew Homes
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Typical monthly loan payments average $1350 to $1700 per month
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Free credit repair and budget counseling is available
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Qualified families may apply for down payment assistance
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Acceptance is contingent on income limits and other criteria


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