Grants for Homebuyers
IHDA allocates funds to a network of partners across the state to administer a number of programs to help Illinois first-time homebuyers attain homeownership affordably. Homebuyers can receive:
- Down payment and closing cost assistance
- Down payment, closing costs with funds to rehabilitate their new homes
Funding for this assistance comes from two resources:
- HOME Investment Partnerships Program (HOME)
- Illinois Affordable Housing Trust Fund program
IHDA is currently not accepting applications for grants funded through the HOME or the Illinois Affordable Housing Trust Fund programs. However, you can obtain down payment assistance through the 1stHomeIllinois and @HomeIllinois loan programs.