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Location Focus: Illinois – Trying to Make Headway in Every Way

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It is administered by the Illinois Housing Development Authority (IHDA) and offers $7,500 in down-payment assistance with an interest rate as low as 3.75 In less than four months, 2,830 homebuyers in 85 counties have reserved more than $360 million in financing, creating an estimated 1,400 new jobs. Quinn said.