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Habitat for Humanity asks McHenry County to join subordinate mortgages for 6-unit Trinity Trail request; commission backs funding recommendation
Summary
Lake McHenry Habitat for Humanity asked the McHenry County commission to support down-payment assistance and critical repairs for a 10-unit Trinity Trail subdivision. Commissioners voted to recommend funding after hearing details about subordinate mortgages, a 15-year recapture, and eligibility rules.
Joel Williams, president and CEO of Lake McHenry Habitat for Humanity, asked the McHenry County Community Development and Housing Grant Commission on April 15 to support two HOME-program requests: down-payment assistance for six additional units at the Trinity Trail subdivision and funding for critical home repairs to preserve affordable housing stock.
Williams said Habitat acquired the Trinity Trail site last year and previously received developer-subsidy funding for four units. The new request would finish the site by funding down-payment assistance for the remaining six homes; Habitat estimated the full project will yield 10 owner-occupied units and said the build is scheduled to be occupied by late 2027 or…
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