Home Ownership Program For Employees
The SwedishAmerican Foundation's Home Ownership Program is part of a larger, unprecedented effort to revitalize the neighborhood surrounding the SwedishAmerican Hospital campus.
Since 2000 the Foundation has committed more than $6 million to transform this area from an at-risk, predominantly rental-occupied part of Rockford to a stable, owner-occupied neighborhood.
As part of this effort the Foundation has rehabilitated 51 existing homes and made 32 of them available for resale to SwedishAmerican employee owner-occupants at a discount, with down-payment assistance.
In addition, our organization has:
Owner occupancy in the neighborhood surrounding SwedishAmerican Hospital increased from 35 percent at the beginning of the program to 51 percent in mid-2008, and the trend continues.
- Coordinated the construction of three new owner-occupied homes
- Created a neighborhood playground and two neighborhood parks
- Purchased and totally renovated a two-building, 24-unit neighborhood apartment building complex
- Funded more than 75 "50-50" grants to neighborhood homeowners for exterior renovations
To find out how you can be a part of our neighborhood transformation, we invite you to learn more about the Home Ownership Program, including qualifications, available properties and a map detailing neighborhood impact.