Grants for homeowners
IHDA allocates funds to a network of partners across the state to administer a number of programs to help low-income Illinois homeowners to remain living in their homes by providing grants/forgivable loans to repair their homes. These programs are:
Single-Family Owner-Occupied Rehabilitation (SFOOR) Program
A major concern of low-income Illinois homeowners is keeping up with necessary but costly repairs. This is particularly true of older homes with weathered roofs, worn siding, outdated plumbing and heating systems, drafty windows, or outmoded electrical wiring. To help solve this problem, resources from the HOME Investment Partnership Program (HOME) are used to help low-income homeowners afford these expenses under the Single-Family Owner-Occupied Rehabilitation (SFOOR) program.
SFOOR assistance to homeowners is provided in the form of a deferred, forgivable loan at zero percent interest. If the direct subsidy to the homeowner is less than $14,999, the loan is forgiven over a five year period. If the direct subsidy is between $15,000 and $40,000, the loan is forgiven over a ten year period.
Basic Eligibility Requirements:• household income must be at or below 80 percent of the area median income
• SFOOR participants must continue to occupy the property to be rehabilitated as their principal residence
• the appraised value of a property after rehabilitation must be under the Maximum Appraised Value ceiling set for a given area
• rehabilitated single-family properties must meet both federal and state standards for repair.
The use of HOME funds carries certain restrictions on the use of the assisted property, as well as upon any proceeds realized from the sale of the home. If the homeowner moves out or sells the home before this time period has expired, a portion of the HOME funds may need to be repaid by the homeowner.
How to apply:
Homeowners must contact one of the SFOOR participating agencies funded by IHDA to apply.
Home Modification Program
Assistance is available to income-eligible elderly persons and persons with disabilities to modify or repair their homes to improve mobility. Homeowners can receive up to $25,000 in high cost metropolitan areas and a maximum of $15,000 in the remainder of the state. Assistance is provided as a five-year forgivable loan.
The Home Modification program is offered through the collaboration of the Authority, the Illinois Department of Human Services and the Illinois Department on Aging in an effort to prevent and end unnecessary institutionalization of elderly persons and persons with disabilities by funding home repairs in existing housing.
Basic Eligibility Requirements:• must be an elderly person with a physical limitation or a person with a disability
• must have a documented need for accessibility modifications
• household income must not exceed 50 percent of the area median income
• home must be an owner occupied residence
How to apply:
Homeowners must contact one of the Home Modification Program participating agencies funded by IHDA to apply.
Emergency Repair Program - Tornado Relief Fund
The Tornado Relief Fund will provide emergency rehabilitation assistance to approximately 50-70 low-income households affected by severe storms, straight-line winds and tornadoes. Eligible homeowners will receive up to $40,000 to assist with home repairs caused by tornadoes. Funds may also be used as assistance for homeowner's insurance deductible (minimum of $500).
Basic Eligibility Requirements:• household incomes must be at or below 80 percent of the area median income
• property must have sustained damage due to severe storms
• homeowners must be current on their mortgage payments and the property must be the homeowner's primary residence
• only single-family properties are eligible for the program
How to apply:
Homeowners must contact one of the Tornado Relief program participating agencies funded by IHDA to apply.