BREAKING NEWS.....
Homebuyer tax credit available
to some U.S. service members through
April 2011. When the homebuyer
tax credit was expanded and extended
last year, members of the uniformed
services, Foreign Service and employees
of the intelligence community serving
outside the United States were given an
extra year to qualify for the credit,
according to the IRS. These clients
must buy, or enter into a binding
contract to buy, on or before April 30,
2011.
The REALTOR® Association of
NorthWest Chicagoland (RANWC) & RANWC Affiliate Committee are the proud
founders of REALTOR® Association of NorthWest Chicagoland Charitable
Foundation's Helping Our Heroes.
Helping Our Heroes is a
program sponsored by the RANWC Charitable Foundation dedicated to raising money to help active
duty Illinois Military Personnel, Veterans, Fire Fighters, and
Police Officers with residential-related expenses due to their financial distress.
Our
Illinois Heroes are facing financial hardships
Many
Illinois Military and Public Service personnel face financial hardships, foreclosure, and
eviction from their residences because they and their loved-ones cannot meet
residential-related expenses.
They need your help—Helping
Our HeroesTM,
a volunteer-staffed not-for-profit
Charity, is devoted to helping them when
others cannot.
About the
Foundation & how we distribute the money
The RANWC Charitable
Foundation is 501C3
designated. ALL net proceeds from the Helping Our Heroes™
Program, sponsored by this Foundation, will be distributed to qualifying
active duty Illinois Military Personnel, Veterans, Fire Fighters, Police Officers,
and Veterans that are in financial distress
regarding paying their mortgage and necessary home repairs.
Who have
we helped
Helping Our HeroesTM
has helped 36 families that were close to foreclosure and eviction.
Foreclosure Prevention Act of 2008
Preserving the American Dream for Our
Nation’s Veterans. To assist returning
soldiers avoid foreclosure, this bill
lengthens the time a lender must wait
before starting foreclosure from three
months to nine months after a soldier
returns from service and also provides
returning soldiers with one year relief
from increases in mortgage interest
rates. In addition, the Department of
Defense is required to establish a
counseling program to ensure veterans
and active service members can access
assistance if facing financial
difficulties. Also included is a
provision that increases the VA loan
guarantee amount, so that veterans have
additional homeownership opportunities.
The bill contains provisions to do the
following: increase benefits paid to
veterans with disabilities such as
blindness for the purpose of adapting
their housing; provide a moving benefit
to servicemen and woman who are forced
to move out of rental housing because
the owner of the housing was foreclosed
on; provide that veterans benefits
received in a lump sum are treated the
same for the purposes of eligibility for
housing assistance as monthly benefits;
and to allow the Veterans Administration
to provide for improvements and
structural alterations to homes of
veterans with service-connected
disabilities. "
Information and RSVP's contact:
Kathleen Ricketts
847-302-1395;
ricketts1american@yahoo.com
