CALUMET CITY (WBBM NEWSRADIO) — A low interest loan outreach center has been set up inside a Calumet City condo building that caught fire on Memorial Day.
A woman in her eighties died in the fire, and around 200 residents were displaced. Authorities determined the fire broke out on the seventh floor.
The onsite loan center, operated by the small business association, will offer residents of The Park of River Oaks low interest access to funds meant for repair, property replacement or relocation costs, according to the Daily Southtown.
Interest rates range from 1.7 to 3.3 percent for the 30-year term loans up to $200,000.
The loan office is located in the clubhouse of The Park of River Oaks, and some nearby businesses may also qualify for economic impact loans.
Applications are due by September 6.
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