(WBBM) – For the 15th straight year, the Village of Rosemont is offering grants of up to nearly $3,000 to qualified homeowners.

LISTEN: Newsradio 780 Political Editor Craig Dellimore Reports

Rosemont Mayor Brad Stephens says the reason the grants are possible is because of tax revenue from local businesses and profits from the businesses owned by the Village, those being the Allstate Arena, the Rosemont Theatre and the Donald E. Stephens Convention Center.

Village leaders see the money as something akin to stock dividends for local residents.

Stephens says officials feel the residents of Rosemont are investors in their community. Businesses make up 75 percent of the village’s real estate.

The village is about two and a half square miles in size with a population of 4,000, according to the village website www.rosemont.com.

Stephens says Rosemont, unlike some other local governments, has not had to lay off employees or make major service cuts, despite the bad economy.

Business, he says, has been good and there has been “tremendous” interest in land owned by the village for development. But, Stephens says Rosemont is no longer interested in a casino.

Applications for the grants are available at the Rosemont Village Hall and Park District offices, among other locations. The deadline to apply is January 31, 2011.

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