Struggling homeowners could see financial benefit from Chicago's focus on DNC
CHICAGO – Jimmy Williams has lived on the west side of Chicago his entire life—67 years. Now, he's hoping the spotlight shining on the 2024 Democratic National Convention will send a little light and some money his way, 'I'm not a millionaire or anything,' he said. 'Just looking for a lifeline.' Williams needs a lifeline to fix up his older home. 'Alone, windows are $60,000,' he said. 'I don't make that in a year.
Simpkins said since the COVID-19 pandemic, construction-related repairs have increased by as much as 30%, 'so there's a big need for this.' It could take months, though, to get a TIF NIP for Williams' neighborhood approved. Simpkins said boundaries have to be established first. and then the City Council would need to approve the use of TIF funds for the grant. After that, the city would have to choose his or another organization to administer the program.
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