Suffredin- For a Better Cook County  

Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine


  Office phone numbers:  

The Cook County Code of Ordinances are the current laws of Cook County.


Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

  Cook County was created on January 15, 1831 and named after Daniel P. Cook, Member of Congress and the first Attorney from the State of Illinois.

Wells Fargo to offer $15,000 grants to potential Cook County homebuyers

Thursday, August 09, 2018
Chicago Tribune
by Corilyn Shropshire

Wells Fargo to offer $15,000 grants to potential Cook County homebuyers

Wells Fargo & Co. has committed $8 million to help about 425 people in Cook County purchase homes by providing eligible homebuyers with $15,000 down payment grants.

It is the second time the bank has targeted Chicago for a national housing assistance program.

NeighborhoodLIFT is one of several programs designed to help low- and moderate-income people — many of whom were hit hard by the foreclosure crisis — get back into homeownership. Nearly a decade after the financial crisis, homeownership in the U.S. has ticked up to 64.3 percent from its low of 62.9 percent in the second quarter of 2016. Nevertheless, experts say homeownership still eludes a swath of working people, particularly in communities of color.

Chase Bank also offers homeowner assistance to low- and moderate-income buyers. In qualified areas, potential homebuyers can receive a $2,500 grant toward closing costs and down payment, and an additional $500 for participating in homebuyer education, according to spokeswoman Keosha Burns.

To qualify for the NeighborhoodLIFT grant, household income must not exceed 80 percent of the local area median income, or about $67,700 for a family of four in Cook County. Veterans and U.S. service members, teachers, law enforcement officers, firefighters and emergency medical technicians who earn up to 100 percent of local area median income, or about $84,600, are eligible for a $17,500 grant.

Nearly 400 potential homebuyers registered to attend an information session Aug. 24-25 in the grand ballroom at McCormick Place’s south building, but walk-ins are welcome, the bank said. NeighborWorks America and, in the Chicago area, Neighborhood Housing Services, are partnering with the lender on the program.

The program has been implemented in 38 cities, counties and states. Chicago is one of seven areas where it has been implemented twice. “We know in Chicago there’s a need,” said Kim Smith-Moore, NeighborhoodLIFT’s national manager.

Wells Fargo has committed $398 million to help more than 18,000 homebuyers nationally, Smith-Moore said. “We started this program as a way to address the housing crisis. We hope we’ve seen the end of the housing crisis, and this is really about building and revitalizing communities.”

RELATED: Fresh outrage for Wells Fargo after mortgage error led to hundreds of foreclosures »

Neighborhood Housing Services will help screen potential homebuyers for eligibility, provide homebuyer education and administer the grants.

“We feel this is an important resource we need,” said Karen Woods, NHS’ director of homeownership services. “Given our work, we know savings for down payments can be a challenge.”

This isn’t the first vehicle Wells Fargo has used to aid homeownership in Cook County.

In 2012, as a part of the national fair-lending settlement, the bank committed $10 million to aid potential homebuyers in a program known as CityLIFT, which was modeled after the NeighborhoodLIFT program. CityLIFT was discontinued in 2013, after the company spent $53.4 million and assisted 3,128 homeowners, including 547 in the Chicago area.

Wells Fargo has faced criticism and scrutiny as of late. Earlier this year, the bank was found to have charged thousands of customers for auto insurance they didn’t need and in 2016, admitted it had opened millions of sham accounts that customers did not want. In April, Wells Fargo said it would pay $1 billion to federal regulators to settle misconduct charges tied to its auto and mortgage business. And last week, the bank admitted that an internal error caused about 625 homeowners in foreclosure to wrongly be denied mortgage modifications or not offered them.

Twitter @corilyns

Recent Headlines

U.S. appeals judges: Go fight over lawsuits with Dorothy Brown in state court
Sunday, November 13, 2918
Chicago Sun-Times

She's been waiting 15 months for her rape kit to be processed. A new proposal to track evidence aims to change that.
Wednesday, November 14, 2018
Chicago Tribune

Preckwinkle to unveil policy roadmap for Cook County for next five years
Wednesday, November 14, 2018
Chicago Sun-Times

COMMENTARY: Here's how the Shakman case curbed Cook County patronage
Tuesday, November 13, 2018
Chicago Tribune

Appeals court backs Dorothy Brown in lawsuit over public access to electronic records, says judge overstepped authority
Tuesday, November 13, 2018
Chicago Tribune

What’s Next As Voters Overwhelmingly Support Higher Minimum Wage, Paid Sick Time
Monday, November 12, 2018
Journal and Topics Online

Cook County Board President Toni Preckwinkle's security chief fired after review spurred by watchdog report
Thursday, November 08, 2018
Chicago Tribune

An earlier opening day: 2019 Cook County forest preserves permits go on sale Nov. 15
Thursday, November 08, 2018
Chicago Tribune

Cook County opening 2019 picnic permit sales Nov. 15
Monday, November 05, 2018
Special to

The Cook County Land Bank looks to go commercial
Monday, November 05, 2018
RE Journal

Nov. 15 is new opening date for Cook County forest preserves permits
Monday, November 05, 2018
Daily Herald

Cook County Gun Dealer, Minimum Wage Referendums On Ballot
Monday, November 05, 2018

The Abandoned WWI Monument One Chicago Man Is Determined To Save
Friday, November 02, 2018
Chicago Patch

Cook County freed from federal oversight
Thursday, November 01, 2018
Chicago Daily Law Bulletin

First-of-its-kind trauma recovery center serves survivors of domestic violence, hate crimes, sexual assault, gun violence in Cook County
Monday, October 29, 2018

Northbrook opts in to Cook County paid sick leave ordinance, more uncertainty for employers, lawyer says
Monday, October 29, 2018
Cook County Record

First-of-its-kind Advocate Trauma Recovery Center serves survivors of domestic violence, hate crimes, sexual assault, gun violence in Cook County
Monday, October 29, 2018
WLS Channel 7

Cook County sheriff, CVS team up on safe prescription painkiller disposal
Saturday, October 27, 2018
Chicago Sun-Times

HOPE Court, created to keep probationers out of prison, shut down amid problems
Friday, October 26, 2018
Chicago Sun-Times

Can Kaegi really reform the assessor's office?
Friday, October 26, 2018
Crain's Chicago Business

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.