NOT ABOUT THE HOME
BUT ABOUT THE FAMILIES
WHO IS THIS FOR?
Low and middle income families desiring quality affordable housing
Families willing to provide some volunteer services
We give priority to families who work or rent in North Chicago
We give priority to those serving North Chicago, e.g., teachers, law enforcement, firefighters, Veterans, military, & healthcare
Families who care for their neighbors and their community
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
