The agency in Illinois that provides assistance to first time home buyers is The Illinois Housing Development Authority. There is currently one first time home buyer grant program available, depending upon your income. Low-income families can receive a grant of up to $3,000 to help with down payment and closing costs, and very low-income families can receive a grant of up to $5,000. To find out if you qualify, please visit the Illinois Housing Development Authority website page specifically describing this very helpful resource. You can simply go to Illinois first time home buyer grants to get the specific details and requirements.
IHDA allocates funds to a network of partners across the state to administer a number of programs to help Illinois first-time home buyers attain homeownership affordably. Homebuyers can receive:
Down payment and closing cost assistance
Down payment, closing costs with funds to rehabilitate their new home; and
Subordinate loans
Funding for this assistance comes from two resources:
– HOME Investment Partnerships Program (HOME)
– Illinois Affordable Housing Trust Fund program
The contact info for IHDA is:
The agency in Illinois that provides assistance to first time home buyers is The Illinois Housing Development Authority. There is currently one first time home buyer grant program available, depending upon your income. Low-income families can receive a grant of up to $3,000 to help with down payment and closing costs, and very low-income families can receive a grant of up to $5,000. To find out if you qualify, please visit the Illinois Housing Development Authority website page specifically describing this very helpful resource. You can simply go to Illinois first time home buyer grants to get the specific details and requirements.
IHDA allocates funds to a network of partners across the state to administer a number of programs to help Illinois first-time home buyers attain homeownership affordably. Homebuyers can receive:
Down payment and closing cost assistance
Down payment, closing costs with funds to rehabilitate their new home; and
Subordinate loans
Funding for this assistance comes from two resources:
– HOME Investment Partnerships Program (HOME)
– Illinois Affordable Housing Trust Fund program
The contact info for IHDA is:
http://www.ihda.org/homeowner/granthomebuyer.htmIllinois Housing Development Authority
401 N. Michigan Avenue, Suite 700
Chicago, IL 60611
Phone: (312) 836-5200
TDD: (312) 836-5222
