Down Payment Funds

The West Cook Home Ownership Center can now provide financial assistance in the form of grants and forgivable loans through the West Cook County Housing Collaborative,the Cook County Neighborhood Stabilization Program, and other programs.

West Cook County Housing Collaborative Program: Home seekers interested in purchasing the rehabbed homes with new features as part of this program may qualify for financial assistance of up to $10,000 in forgivable loans and grants. Maximum household incomes must be at or below 80% of AMI (see chart below).

Neighborhood Stabilization Program: Home seekers interested in purchasing newly constructed homes as part of this program may qualify for financial assistance of up to $50,000 in forgivable loans and grants. Maximum household incomes are based on 120% of the Area Median Income.

Additional Incentives, Grants, and Loans are available on their own or as additional layers of support, including the Illinois Building Blocks Program and CityLift.

For more information, please contact Mirna Rodriguez, Home Ownership Counselor, at (708) 771-5801.

2013 Income Limits
Household Size 50% AMI 80% AMI 120% AMI
1 Person      25,800    41,250      61,920
2 Persons      29,450    47,150      70,680
3 Persons      33,150    53,050      79,560
4 Persons      36,800    58,900      88,320
5 Persons      39,750    63,650      95,400
6 Persons      42,700    68,350    102,480
7 Persons      43,650    73,050    109,560
8 Persons      48,600    77,750    116,640