Southwest Home Equity Assurance Program
Invest in your home.
Invest in your neighborhood.
About Us
Who We Are
Eligibility Requirements
Who We Are
The Home Equity Program is a unique neighborhood stabilization program from the State of Illinois, developed to insure property values for an extended time. The Home Equity Program is financed by a special levy on single through six-unit residential properties within the Home Equity District. We are governed by the State of Illinois, Home
The Home Equity Program is a unique neighborhood stabilization program from the State of Illinois, developed to insure property values for an extended time. The Home Equity Program is financed by a special levy on single through six-unit residential properties within the Home Equity District. We are governed by the State of Illinois, Home Equity Assurance Act.
We are one of 3 programs in Chicago. Our sister agency to the north is Northwest Home Equity Assurance Program
Our Mission
Eligibility Requirements
Who We Are
Our programs help Chicago homeowners protect and invest into their biggest asset - their home. If we can help each Chicago home one-by-one, collectively we can continue to uplift our community together. A program like ours is only offered in 3 areas of Chicago. We are extremely proud of the incentive our program provides for the southwest
Our programs help Chicago homeowners protect and invest into their biggest asset - their home. If we can help each Chicago home one-by-one, collectively we can continue to uplift our community together. A program like ours is only offered in 3 areas of Chicago. We are extremely proud of the incentive our program provides for the southwest side of Chicago.
Having confidence in your home is having confidence in your neighborhood.
Having confidence in your neighborhood is important for your family and the generations after.
Eligibility Requirements
Eligibility Requirements
Eligibility Requirements
- You must be a homeowner and live in the district.
- The property assured must be your principal residence.
- The tax levy should appear on your real estate tax bill, "Under Miscellaneous Taxes" as "SW Home Equity Assurance Chgo."
Your property tax bill will indicate if, and which program you belong to.
Our District
Our Main Benefit
Eligibility Requirements
We are proud to cover 11 community areas, 9 wards and 7 zip codes. Neighborhoods include Chicago Lawn/Marquette Manor, Gage Park, West Lawn, Clearing, Brighton Park, Archer Heights, Garfield Ridge, West Elsdon and parts of Ashburn, McKinley Park, New City and Scottsdale.
Zip codes include 60638, 60629, 60632, 60608*, 60609*, 60636* and 606
We are proud to cover 11 community areas, 9 wards and 7 zip codes. Neighborhoods include Chicago Lawn/Marquette Manor, Gage Park, West Lawn, Clearing, Brighton Park, Archer Heights, Garfield Ridge, West Elsdon and parts of Ashburn, McKinley Park, New City and Scottsdale.
Zip codes include 60638, 60629, 60632, 60608*, 60609*, 60636* and 60652*
Wards include 12, 13, 14 , 15*, 16*, 22*, 23, 17* and 18*
* Indicates portion of
Please refer to your real estate tax bill to ensure eligibility.
Our Main Benefit
Our Main Benefit
Our Main Benefit
The first benefit is that we protect the property value of your home, if you decide to sell in the future. Our assurance provides you with a peace of mind when it comes to life's "what ifs".
We allow existing members to update their appraisal, in hopes their value has increased. By submitting receipts of $5,000 worth of home improvements,
The first benefit is that we protect the property value of your home, if you decide to sell in the future. Our assurance provides you with a peace of mind when it comes to life's "what ifs".
We allow existing members to update their appraisal, in hopes their value has increased. By submitting receipts of $5,000 worth of home improvements, members can receive 50% off their next appraisal.
Let us protect your home's value!
Our Initiative
Our Main Benefit
Our Main Benefit
The second benefit we provide is through a partnership with Marquette and Hoyne Savings Bank. We offer a Home Improvement Loan Program - an innovative benefit exclusively for members. Members are eligible to apply for special zero-to low-interest loans to repair or remodel their homes. A home inspection is required within 6 months of clo
The second benefit we provide is through a partnership with Marquette and Hoyne Savings Bank. We offer a Home Improvement Loan Program - an innovative benefit exclusively for members. Members are eligible to apply for special zero-to low-interest loans to repair or remodel their homes. A home inspection is required within 6 months of closing on your loan. There are not any penalties if you pay back the loan early. Once paid, members can apply for another loan.
We want to help you add value to your home!
NEW Home Improvement Loan Rates!
Effective July 1st, 2023 our new loan rates will be:
Program 1: $1000 - $15,000 at 0% interest on a 5-year term
Program 2: $15,001 - $20,000 at 2% interest on a 7-year term
Program 3: $20,001 - $30,000 at 3.5% interest on a 15-year term