CBA, SBDI,
Tomorrow and Wednesday, during the remaining days of veto session, the Illinois House and Senate are likely going to vote on SB16 Amendment 8. This legislation will:
• Provide at least $28 million a year in grants to local governments to help address vacant property challenges;
• Provide at least $13 million a year for housing counseling that will help thousands of struggling homeowners to save their homes and many more to find other alternatives to foreclosure; and
• Create a fast track foreclosure process that will allow banks to reduce the time it takes to foreclose on a certified vacant property by 18 months—so those properties won't be a burden on local governments and can be returned to productive use much more quickly.
We need your help as soon as possible to get this bill passed and help communities recover from the foreclosure crisis. Please let Courtney Eccles know if you can sign on to support the bill ASAP at ceccles@woodstockinst.org or 312-368-0310tel | (312) 368-0316 fax
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