Economic Opportunity

              Office of the Illinois State Treasurer Judy Baar Topinka
Division of Economic Opportunity
Springfield Office Chicago Office
300 West Jefferson Street 100 West Randolph, Suite 15-600
Springfield, IL 62702 Chicago, IL 60601
Fax 217-557-6439 Fax 314-814-3716
Volume 1, Issue 9
1, Issue 2
Go to www.reversemortgage.org
and use the handy online calcula-tor.
There are monthly adjustable
interest costs and significant fees
that apply to a reverse mortgage,
but these are rolled into the bal-ance
of your loan, and should not
be a deterrent to considering a
reverse mortgage. Your heirs
could purchase your home from
your estate at a conventional
mortgage and repay the reverse
mortgage. Seniors considering a
reverse mortgage must have inde-pendent
counseling, by AARP
over the phone (800-209-8085).
Reverse Mortgage Benefits Seniors
In partnership with The U.S.
Small Business Administration,
Illinois Department of Com-merce
and Economic Opportu-nity,
Small Business Growth
Corporation, Illinois Business
Financial Services, and the Office
of Judy Baar Topinka, Illinois
State Treasurer. Designed for
local lenders, the Lenders Fo-rums
will provide information
about government financing
Tuesday, May 23, 2006
Kaskaskia College
Student Center
27210 College Rd
Centralia, IL
618-548-9001
ttracy@kaskaskia.edu
Wednesday, May 24, 2006
Dunn-Richmond Economic
Development Center
150 East Pleasant Hill Road
Carbondale, IL
618-536-2424
sbdc@siu.edu
programs for small business.
Presenters include govern-ment
representatives from
The U.S. Small Business Admini-stration,
Illinois Department of
Commerce Economic Opportu-nity,
Small Business Growth Cor-poration,
and Illinois Business
Financial Services, the Office of
Judy Baar Topinka, Illinois State
Treasurer, and the Federal Re-serve
Bank. In addition to the loan
Wednesday, June 14, 2006
University of IL Extension
1817 S. Neil St., Suite 201
Illini Plaza
217-875-4004
sbdc@uiuc.edu
Thursday, June 15, 2006
Southern IL University,
Edwardsville
Grace Church of Fairview Hghts
5151 North Illinois
Fairview Heights, IL
618-650-2929
jbagent@siue.edu
programs, a representative from
the host Small Business Develop-ment
Center will provide infor-mation
regarding technical assis-tance
for small business. The
program normally begins at 8:30
a.m. with registration and conti-nental
breakfast, and will con-clude
by 12:00.
Tuesday, June 20, 2006
Bradley University
Foster College of Business
Baker Hall, Room B52 LL
Peoria, IL
309-677-3386
sbdc@bradley.edu
Wednesday, June 21, 2006
Heartland Community Coll
Illinois State University
McClean County
College Community Room 1407
1500 West Raab Rd
Normal, IL
309-438-3610
Sbdc@ilstu.edu
SPRINGFIELD OFFICE
Cory Jobe
217-557-6436
cjobe@treasurer.state.il.us
David C. Freeman
217-558-6222
dfreeman@treasurer.state.il.us
Rebecca Crabtree
217-557-6436
rcrabtree@treasurer.state.il.us
CHICAGO OFFICE
John Cieslik
312-814-1788
jcieslik@treasurer.state.il.us
Michael Smith
312-814-8951
msmith@treasurer.state.il.us
Inside This Issue
Reverse Mortgage
Benefits Seniors
SBA Annual Lender Forums
Tech Business; Top 10
Bright Start
Bright Dreams Scholarship
Smart Women
Smart Money Conferences
W e ’ r e o n t h e w e b @ w w w . S t a t e . IL . US / t r e a s /
Small Business Administration Annual Lender Forums
May 2006
Using a "reverse mortgage,"
the estimated 10 million sen-iors
can now create a tax-free
monthly "pension" check that
will last as long as they live in
their home. To get a reverse
mortgage, you must be at least
age 62 or older and qualify.