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The Northwest
Home Equity
Assurance
Program


Home Equity is a neighborhood-funded, neighborhood-run program. It was approved in 1988 by an overwhelming majority of voters on the northwest side of Chicago. When it comes to fostering stability in your community, the Northwest Home Equity Assurance Program provides protection that you and your neighbors can live with...literally! Created by state statute, Home Equity guarantees you won't lose any money if your property falls below its current fair market value. This unique program has established an outstanding record for helping neighborhoods to:
  • Put a stop to panic peddling
  • Discourage rapid property turnover
  • Build homeowner confidence
  • Encourage home investment
  • Promote the appreciation of home values
Here's how the program works...
You pay a small annual Home Equity tax based on your Cook County tax assessment. This amount appears on your property tax bill and typically ranges from $10 to $20. All of this money goes directly into your neighborhood's own guaranteed Home Equity fund.

A governing commission appointed by the Mayor and comprised of local residents and professionals will oversee the Home Equity fund. By law, no other governmental agency will be able to tamper with these funds.

If you sign up for Home Equity, keep your property well maintained, and live there, your home will be guaranteed for 100% of its appraised market value! It's that simple.

For example, let's say your home is appraised under Home Equity for $250,000. Let's also say that you put your home up for sale five years from now, but the best offer is only $235,000. No problem. Home Equity will pay you the difference of $15,000, provided you've kept up your property and resided on the premises. You don't lose a penny!


Sign up today, be secure tomorrow!
The Northwest Home Equity Assurance Program offers you a unique opportunity to protect the big investment you've made in your home. sign up today by contacting:
 
Northwest Home Equity Assurance Program
3022 N. Harlem Ave.
Chicago, IL 60634
773-622-0700

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