These programs are developed in communities that have identified insufficient down payments as a barrier to home ownership for low and moderate-income families. Assistance is provided as a loan/forgivable loan to potential homeowner as gap financing between loan amount and the cost of the home.
These programs are developed in communities that have identified insufficient down payments as a barrier to home ownership for low and moderate-income families. Assistance is provided as a loan/forgivable loan to potential homeowner as gap financing between loan amount and the cost of the home.
DPP:
- Fund matching program providing down payment/closing cost assistance for eligible homebuyers.
- FHLB members may access subsidies of up to $6,000 per household for eligible homebuyers.
- May also cover homebuyer counseling costs (up to $500)
- May also cover eligible rehabilitation costs associated with the purchase of a home.
DPP Advantage:
- a statewide effort to promote affordable housing.
- assists low and moderate-income home buyers in Illinois with down payment and closing costs.
- Up to $6,000 in assistance for the purchase of owner-occupied single family homes.
- Funds are forgivable grant without repayment obligation if participant remains in home for 5 years.
DPP:
- Fund matching program providing down payment/closing cost assistance for eligible homebuyers.
- FHLB members may access subsidies of up to $6,000 per household for eligible homebuyers.
- May also cover homebuyer counseling costs (up to $500)
- May also cover eligible rehabilitation costs associated with the purchase of a home.
DPP Advantage:
- a statewide effort to promote affordable housing.
- assists low and moderate-income home buyers in Illinois with down payment and closing costs.
- Up to $6,000 in assistance for the purchase of owner-occupied single family homes.
- Funds are forgivable grant without repayment obligation if participant remains in home for 5 years.
Department of Housing and Asset Development: Down Payment Assistance: Residents who live in St. Louis City/County are eligible to receive up to $3,000 in grant money to pay for their down payment or closing cost on their first home. In addition, residents who live in Jefferson County, O'Fallon and Wentzville are eligible to receive up to $1,000 in grant money to pay for their down payment or closing cost on the first home.
Department of Housing and Asset Development: Down Payment Assistance: Residents who live in St. Louis City/County are eligible to receive up to $3,000 in grant money to pay for their down payment or closing cost on their first home. In addition, residents who live in Jefferson County, O'Fallon and Wentzville are eligible to receive up to $1,000 in grant money to pay for their down payment or closing cost on the first home.
Provides an educational training for first time home buyers and for individuals who have not owned a home for three years, upon completion of the training, individuals are eligible for up to $5,000 towards a down payment or closing costs.
CAPACITY
Based on funding
Provides an educational training for first time home buyers and for individuals who have not owned a home for three years, upon completion of the training, individuals are eligible for up to $5,000 towards a down payment or closing costs.
CAPACITY
Based on funding
Provides down payment and closing cost assistance to eligible home buyers of houses in Normal. Approved applications can receive up to $5,000 in assistance, which is provided through a 0% interest, five-year forgivable loan.
Provides down payment and closing cost assistance to eligible home buyers of houses in Normal. Approved applications can receive up to $5,000 in assistance, which is provided through a 0% interest, five-year forgivable loan.
Owner Occupied Housing Rehab Loan Program offers loans to homeowners within the corporate limits of the City of Davenport for the correction of existing and potential Housing Code violations.
The program does not perform work on basements or foundations. Household must meet income, assets and properties limits set by HUD. A mortgage and promissory note secures all eligible and approved loans.
Owner Occupied Housing Rehab Loan Program offers loans to homeowners within the corporate limits of the City of Davenport for the correction of existing and potential Housing Code violations.
The program does not perform work on basements or foundations. Household must meet income, assets and properties limits set by HUD. A mortgage and promissory note secures all eligible and approved loans.