Your 2nd Chance – Modular Homes
4415 Harrison, Suite 326 Hillside, IL 60162 Phone: 773-677-6460 Email: libmtg2@gmail.com
Modular Homes. . …….//////…. Liberty Mortgages Main Menu Liberty Realty
Our Modular Homes are Corten Constructed, Durable Designed and Energy Efficient Engineered.
Your Second Chance is a nonprofit corporation committed to
expanding access to affordable, dignified home ownership
opportunities for Chicago residents who are priced out of
the traditional housing market.
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The organization focuses on innovative housing solutions that
reduce construction costs, shorten development timelines, and
promote neighborhood stability while maintaining high standards
of safety and quality.
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Statement of Need
Chicago continues to experience a severe shortage of affordable home
ownership options in many neighborhoods. Newly constructed brick
homes routinely sell for $400,000 or more, placing ownership out of
reach for working families, first time buyers and residence seeking
to remain in their communities. We will create a private Modular
Home community of factory built homes in a community setting. It
will offer a vibrant living experience that will cater to different
lifestyles, including families, and retirees.
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The Modular Home Communities will range from affordable to luxury
homes in cities across the nation.
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It is estimated that 17.7 million people live in Modular Homes today. But today more and more,
interest in Modular Homes is growing among the American homebuyers. This is because Modular
Homes offer both the flexibility to modify and create custom floor plans, as well as all the modern
amenities, features, and design styles you’d expect in traditional homes.
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The Chicago Grant Program BNAH
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 BNAH Web Site
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Chicago Homegrown Grant Program Information
What is the HomeGrown Purchase Assistance Grant Program?
The HomeGrown Grant is a financial assistance program funded by the City of Chicago Department
of Housing (DOH) to help eligible homebuyers purchase homes in the City of Chicago by providing
financial assistance for:
1. Down Payment
2. Closing Costs
Who is eligible?
1. Applicants must meet all of the following criteria:
2. Household Income: Household gross income must be within program limits.
3. Location: Purchase a home located in the City of Chicago.
4. Primary Residence: The home must be used as the applicant’s primary residence.
Chicago Homegrown Grant Program
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CHICAGO WEB SITE LINKS
Chicago Web Site
DOH Homebuyer Application
Income Affidavit
Child Support Affidavit
Economic Disclosure Statement and Affidavit
Instructions for the Economic Disclosure Statement and Affidavit
FHA BNAH Page
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*You get up 6% of the purchase price up to $15,000 in assistance for down payment & closing costs
offered as an interest-free loan, deferred for the life of your mortgage – you don’t need to repay
until you sell your house, refinance, or pay off your mortgage.
Available for all mortgage types, including:
*FHA
*VA
*USDA
*FNMA
*HFA Preferred
*FHLMC HFA Advantage
Homebuyers and their spouses must be first-time homebuyers or exempt.
Exempt means an eligible veteran (evidenced with COE/DD214), or buying a property in a targeted
area Eligibility:
* Household income and purchase price limits apply.
* Minimum credit score of 640 is required.
* Both new construction and existing homes are eligible
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Cook County Grant Programs
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:
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Humboldt Park (Chicago)
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Chicago Heights
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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.
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The Program:
County Financial Help:
Property for Sale:
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HOME BUYER
Are you looking to purchase a home for yourself and your family?
Click here to learn more about our Homebuyer Program and find
the home of your dreams today!
RESIDENTIAL DEVELOPER
If you are looking to find a home to purchase and rehab or if you are
looking to build a home, click here to see how to become one of our
community developers!
COMMERCIAL/INDUSTRIALIf you are a prospective business owner or looking to expand your
current business, please click here to view our current inventory of
commercial, industrial, and vacant lots!
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Cook County Land Bank
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Step 1. Go to class and get certified for the Grant Programs
NACA is a non-profit HUD Certified homeownership and advocacy organization that has been in the
forefront in the fight for economic justice. NACA has made the dream of homeownership a reality
for hundreds of thousands of working people enabling those with credit issues, limited assets or subject
to discrimination to purchase a home or modify their predatory loan on the most affordable terms.
NACA continues to set the national standard in its advocacy for affordable homeownership and
access to credit.
* NACA Offices
* HUD Counseling Centers in Chicago – To Qualify For Housing Grants
For immediate assistance, Chicago residents can call 311 to connect with a local counselor,
or call the HOPE Hotline at 1-888-995-HOPE (4673).
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For More Information Call:
Michael Shapiro @ 773-677-6460
Email: libmtg2@gmail.com
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