Governor JB Pritzker announced the reopening of a homeownership program designed to help working-class families and underrepresented communities of color throughout the state of Illinois. Offered through the Illinois Housing Development Authority (IHDA), the Opening Doors or Abriendo Puertas program is designed to aid lower-income people of color who have historically faced steeper barriers in their path toward homeownership with $6,000 in forgivable assistance for down payment and/or closing costs. This latest round of assistance is funded through $8 million in state Rebuild Illinois capital funds and is expected to assist more than 1,300 potential homebuyers. Originally launched in December 2020, Opening Doors has assisted more than 7,100 first-time and repeat homebuyers with $43 million in Rebuild Illinois capital funds. Under Opening Doors, IHDA will provide a 30-year 1st mortgage with a fixed interest rate and $6,000 in down payment and/or closing cost assistance. The down payment assistance is forgiven after five years, and no monthly payment is due from the borrower. Borrowers must meet all eligibility requirements established for IHDA’s down payment assistance programs, and homebuyer education is required. Interested homeowners can find additional information and a list of participating lenders at www.ihdamortgage.org.
Latest
-
Gov. Pritzker Joins DPI to Launch Cannabis Research Institute (CRI) November 21, 2024
-
Staying Clear and Protected from AI Scams November 21, 2024
-
Eden Career Institute Hosts Grand Opening November 21, 2024
Popular
Tags
Artistas Adolescentes Aprenden el Valor de un Arduo Trabajo
Artists Nationwide
Brazilian Students Tour Kirie Water Reclamation Plant
Challenges of Returning to School in Adulthood
Chicago
Chicago Air and Water Show
Chicago CPS
Chicago Dream Act
Comparta su Historia
CPS
Cultura Latina
Delicious Salad Meals
Dream Act
Dream Act chicago
Dream Relief
Dream Relief Chicago
El Alma de la Fiesta
Ending Summer on the Right Foot
Ensaladas sencillas y deliciosas como plato principal
Estudiantes Brasileños Recorren la Planta de Reclamación de Agua Kirie
Feria de Regreso a la Escuela de la Rep. Berrios
Festival Unísono en Pilsen
Grant Park Spirit of Music Garden
ICIRR
ICIRR Receives Criticism Over Dream Relief Day
ICIRR Recibe Críticas
Jose Cuervo Tradicional
José Cuervo
José Cuervo Tradicional Celebra la Cultura Latina e Inspira Artistas a Nivel Nacional
Latin Culture
Los Retos de Volver a la Escuela Cuando Adultos
Meijer Abre sus Puertas en el Distrito de Berwyn
Meijer Opens in Berwyn District
orth side Summer Fest on Lincoln Ave
PepsiCo Foundation Apoya Futuros Periodistas Hispanos
PepsiCo Foundation Supports Future Hispanic Journalists
Share Your Story
Show Acuático y Aéreo
Simple
StoryCorps
storycorps.org
Teen Artists Learn the Value of Hard Work
Terminando el Verano con el Pie Derecho
Unisono Festival in Pilsen
‘El Chente’