IHDAccess Forgivable (Down Payment Assistance)

Illinois Housing Development Authority

Open Home Repair

About This Program

IHDA provides up to 4% of the purchase price for down payment or closing costs, forgivable over 10 years if you live in the home as your primary residence. Must use an IHDA-approved lender and complete homebuyer education. Can be combined with other IHDA programs.

Forgivable over 10 years; requires IHDA-approved lender and homebuyer education

Key Details

  • Up to 4% of purchase price for down payment
  • Forgivable over 10 years
  • Must use IHDA-approved lender
  • Homebuyer education course required
  • Can combine with other IHDA programs

How to Apply

Visit Official Program Page Track this program

312-836-5200

Deadline: Ongoing through approved lenders

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