Neighborhood Lending Program Home Purchase and Purchase/Rehab

Through the Neighborhood Lending Program, the City of Chicago and Neighborhood Housing Services (NHS), provide first and second mortgage loans for the purchase or purchase+rehab of 1- to 4-unit buildings for homeowners who might otherwise not be able to purchase a home. Special subsidies are also available to income-eligible households to support these loans. Clients receive one-on-one counseling and classroom instruction in budgeting, financial planning and credit repair.

Qualifying applicants seeking to purchase or purchase+rehab a home may receive deferred, forgivable loans for:

  • Downpayment assistance
  • Closing cost assistance
  • Affordability assistance (debt-to-income ratio)
  • Lead-based paint abatement

Eligibility Requirements
Program eligibility will be determined by NHS based on gross annual household income.

Application Process
Contact NHS at 773.329.4111 for information and application materials.

Service Facts


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