Aurora promotes homebuyer aid package — up to about $27,000 — report says
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Summary
Telemundo Chicago reports Aurora is promoting a homebuyer assistance package that includes a $20,000 deferred loan, $5,000 for closing costs and $2,000 for repairs (about $27,000 total). Applicants must qualify for a mortgage, buy inside Aurora and may apply with an ITIN.
Aurora is promoting a homebuyer assistance package that the Telemundo Chicago report says can provide up to about $27,000 per household, including a $20,000 interest-free deferred loan, $5,000 for closing costs and $2,000 for minor repairs, the segment reported. The package is aimed at helping residents purchase homes within Aurora city limits.
The report, filed by María Berreleza, quoted city officials and program materials describing the package and its goals. “La ciudad de Aurora no solo busca atraer nuevos residentes, también cumplir el sueño de que ellos tengan su propio hogar aquí en la ciudad,” Berreleza said, framing the program as both an economic-development and homeownership effort.
A presenter in the package identified the program in the transcript as “Shoes Aurora” and described the assistance components as a $20,000 deferred loan payable only if the property is sold or changes ownership, $5,000 for closing costs and $2,000 for repairs. The report noted those elements together amount to the stated maximum assistance.
Eligibility details presented in the segment emphasize three practical limits: the property must be located inside the Aurora city limits; household income must fall near the program’s income threshold (the report cites roughly 120% of area median income, giving an example of about $140,000 for a family of four); and applicants must qualify for a mortgage. As the segment put it, applicants should “entender dónde están en ... crédito y los ingresos,” because lenders will evaluate those criteria.
The report said the program is financed with federal funds from the U.S. Department of Housing and Urban Development, the city’s HOME program and a portion of taxes generated by Aurora casinos. It also noted the city’s guidance that applicants work with a real estate agent and a lender familiar with these programs.
The package addresses documentation questions for noncitizen applicants: Berreleza said those who lack an SSN may apply with an ITIN. For viewers seeking details and application instructions, the segment directed them to the Telemundo Chicago website.
An earlier line in the same broadcast briefly referenced a $1,000 offer; the report later described the multi-component package that reaches the higher figure. The segment did not reconcile the $1,000 mention with the later itemized amounts.
