What is the Illinois Building Blocks Pilot Program? Telling you that it's "a holistic strategy to deal with the foreclosure crisis" isn't very informative – and is probably a nonsensical description at best.
It's easier to think of it as $10,000 in down payment assistance for buyers purchasing in Berwyn, Maywood, Park Forest and several other foreclosure-laden Cook County communities.
The program also enables buyers with credit scores above 600 to qualify for low down payment loans at attractive interest rates.
Will the incentives be enough to tip you in favor of buying a home in one of the target communities?