about two years ago by Doug Jenkins, WBGZ Radio
The Illinois State Treasurer is announcing a trio of programs designed to free up money for predominantly rural parts of the state. The Community Uplift Program is designed to support communities that struggle with unemployment, poverty and business closings; Ag Invest partners with family farming operations; and Finally Home will help individuals purchase a home or help refinance in cases of hardship.
Treasurer Mike Frerichs announced these programs at the National Great Rivers Museum Tuesday morning. He says the treasurer’s office has partnered with lending institutions to provide below-market loans to start, expand or add value to family farming operations for more than 35 years.
The Community Uplift Program provides capital to lending institutions at below-market rates so they can increase lending activities, fund local development efforts, and assist local communities and their residents. Qualified applicants for Finally Home typically have marginal credit scores. The program also helps to stabilize neighborhoods through increased home ownership. For more information on these programs, go to www.InvestinRuralIllinois.com