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Project Rebound not slowing down

Project Rebound has sold four houses in the last two years, but they’re not slowing down.

They’re currently accepting applications for first time home buyers that meet guidelines like having a low to moderate income and having good credit.

Board Chair of Project Rebound Carrie McKillip says soon they will be announcing a partnership with the Galesburg Community Foundation after using up initial funding committed from two local banks.

McKillip calls it a sort of “match-making” service.

They take applications from community members who are interested in purchasing an affordable home in the city of Galesburg, while working with contractors to identify homes that have fallen into disrepair.

They have to be homes that can purchased, renovated and resold for under $50,000 for a two-bedroom or under $60,000 for a two bedroom.

“What we’re hoping to do is get young people who are in those entry-level positions invested into the community so that they’ll stay and grow and move up in their organizations,” said McKillip. “It’s very much a positive for Galesburg.”

McKillip says Project Rebound is a bit of a complementary program to Habitat for Humanity, saying the two organizations have strong ties.

Just last week she says a house was closed on that had been completely redone.

“Other houses have not had extensive [work]. We had one house but it had been rehabbed. It was relatively small but it’s sold for $38,000 but our very first house was a three-bedroom, the other three have been two bedroom and that’s why we’ve got the limit right now.” She’s referring to how the price for a three-bedroom is now being set at over $30,000.

The City of Galesburg provides inspections free of charge for Project Rebound homes.

Would be applicants can go to Project Rebound’s Facebook page and click on the link, or the U of I Extension website and fill out an application online.

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