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Grants Available for Upgrading Energy Efficiency of Chicago Bungalows

The Historic Chicago Bungalow Association (HCBA) has announced that it will provide grants of up to $2,000 for bungalow owners who spend $4,000 or more on such upgrades as repairing or replacing inefficient windows or doors, buying energy-saving furnaces, adding insulation or converting to solar hot water heat.

Also available to home owners, with income restrictions, is a Bungalow Rehab Tax Credit, which can be used for any type of rehabilitation loan and allows 50% of the annual interest on the loan to be deducted from the amount of federal income taxes owed.

Also, owners who spend $5,000 or more on the rehab of a certified historic Chicago bungalow receive a $1,000 voucher that can be used for the purchase of an energy-efficient home appliance from Abt Appliances, Home Depot or Sears.

Chicago Mayor Richard M. Daley launched the Historic Chicago Bungalow Initiative in the fall of 2000 to help provide financial and technical resources to modernize and preserve the city’s historic bungalows. The initiative has helped 5,200 households purchase and restore these homes.

Built in the city's outlying neighborhoods between 1910 and 1930, bungalows account for nearly one-third of all the single-family homes in Chicago.

Mark Your Calendar for the 2005 National Green Building Conference

The 2005 National Green Building Conference is scheduled for March 13-15, in Atlanta. Click here for more information or to register.

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