Illinois Housing Development Authority Single Family Rehab

Illinois Housing Development Authority (IHDA)

Available Home Repair

About This Program

IHDA's rehab loan program offers low-interest financing for home improvements to Illinois homeowners. Can be combined with first mortgage or used standalone. Interest rates typically 1-3% with income-based subsidies available.

Low-interest loan at reduced rates, typical amount financed is $35,000

Key Details

  • Low-interest loans up to $50,000
  • Interest rates typically 1-3% based on income
  • Available through participating lenders
  • Can combine with mortgage refinance
  • Income limits vary by household size

How to Apply

A grant-savvy contractor in Oak Park, IL can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Applications accepted through participating lenders

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Oak Park, IL

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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