The Romeoville Reinvestment Program was designed to encourage homeowners to improve their properties and start-up new businesses. Now the program is expanding to include additional incentives to encourage new home construction in older neighborhoods. The new addition to the program will significantly reduce the construction permit fees to encourage development in the older neighborhoods throughout Romeoville. Previously, the permit for demolition and redevelopment of a 2,000 square foot home would run over $16,000. Under the Reinvestment Program, homes that qualify would pay no more than $3,000 in fees.
“The Romeoville Reinvestment Program has already been a great success for homeowners looking to make improvements. We are excited to be able to expand the program further to allow new development in older neighborhoods,” said Mayor Noak.
While the new addition to the program encourages new home building, the existing program provides incentives for start-up business and home improvements including new room or covered porch additions, driveway upgrades, siding/windows improvements, or new landscaping.