The City of Chicago is currently in Phase Four: "Gradually Resume." Many City services have adjusted hours or locations and may require health screens prior to entering their physical spaces. Please call ahead or visit any department's website to get additional details, or visit chicago.gov/covid-19.
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:
Program eligibility will be determined by NHS based on gross annual household income. To qualify for a forgivable loan, households must be under 80% of area median income - approximately $59,600 for a family of four.
Contact NHS at (773) 329-4010 for information and application materials.