FOUNDATION

Home Ownership Program

The SwedishAmerican Foundation's Home Ownership Program is part of a larger, unprecedented effort to revitalize the six-block area surrounding the SwedishAmerican Hospital campus.

Since 2000 the Foundation has committed more than $4.1 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 24 existing homes and made 16 of them available for resale to SwedishAmerican employee owner-occupants at a discount, with down-payment assistance.

In addition, our organization has:

Coordinated the construction of 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

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.

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.

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