Your 2nd Chance Homes–
4415 Harrison, Suite 326 Hillside, IL 60162 Phone: 773-677-6460 Email: mike@your2ndchancehomes.com
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Chicago Grant Programs
The Building Neighborhoods and Affordable Homes Program (BNAH) provides grants to qualifying buyers
to assist in their purchase of primary, owner-occupied residences that are newly constructed single-family
residential buildings, containing no more than four dwelling units, built pursuant to a City of Chicago Land
Sale Redevelopment Agreement or a City Lots for Working Families Agreement. The program provides up
to $100,000 in purchase price assistance to qualifying buyers.
Chicago Grant Program: Web Site
Income Limits
Neighborhood Residents Income Limits:
Non-Neighborhood Residents Income Limits:
GRANT AMOUNT
INCOME LIMITS
GRANT AMOUNT
INCOME LIMITS
Below 80% of AMI
$100,000
Below 80% of AMI
$90,000
..81% to 90% of AMI
$ 90,000
..81% to 90% of AMI
$80,000
..91% to 100% of AMI
$ 80,000
..91% to 100% of AMI
$70,000
101% to 120% of AMI
$ 70,000
101% to 120% of AMI
$60,000
121% to 140% of AMI
$ 60,000
121% to 140% of AMI
$50,000
Required Documentation
The following documents are required to be uploaded within the online BNAH application:
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Cook County Grant Programs
The Cook County Down Payment Assistance Program helps homebuyers with down payments, closing
costs or mortgage buydowns.
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The program provides subsidies of 5 percent of the home’s sale price, up to $25,000.
Club 720 Solutions LLC, an organization committed to helping people on their home-buying journey,
is partnering with Cook County on this program.
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The Cook County Modular Homes Program is a pilot effort leading construction of single-family homes
in three underinvested communities with limited new home construction:
1. Humboldt Park (Chicago)
2. Chicago Heights
3. Proviso Township.
Eligibility
Those earning up to 120 percent of the county’s median income are eligible, and in
Disproportionately Impacted Areas and Qualified Census Tracts, there is no income limit.
Program Web Sites
The Program:
County Financial Help:
Property for Sale:
Program Features
Grants will be provided to eligible buyers on a scale based on AMI and neighborhood residency.
The funds can be used as follows:
1. To fill an appraisal gap (difference between sales price and appraised value)
2. Closing Costs
3. Down Payment
4. Senior loan principal reduction
5. Appraisals, inspections, pre-paid interest/points, 1-year pre-paid insurance
The Department of Housing administers the program from the application stage through closing and
then monitors the property for 10 years to verify owner occupancy.