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.

2014 Income Limits
Household Size 50% AMI 80% AMI 120% AMI
1 Person      25,530    40,550      61,272
2 Persons      29,000    46,350      69,600
3 Persons      32,600    52,150      78,240
4 Persons      36,200    57,900      86,880
5 Persons      39,100    62,500      93,840
6 Persons      42,000    67,200    100,800
7 Persons      44,900    71,800    107,760
8 Persons      47,800    76,450    114,720