Building Neighborhoods & Affordable Homes Program – City of Chicago | Illinois grant

Building Neighborhoods & Affordable Homes Program – City of Chicago

Open

City of Chicago Dept. of HousingILFirst-Time Homeowner

Funding: Offers up to 100,000 dollars in purchase-price assistance that reduces the upfront cost and mortgage amount for qualifying buyers, with exact subsidy and long-term affordability terms determined by City of Chicago program guidelines.City of Chicago purchase-price assistance program that provides a large subsidy applied directly to the purchase price of newly constructed or substantially rehabilitated homes in targeted neighborhoods for income-eligible first-time buyers.RollingDeadline: Scope: City (Chicago, Illinois)state

Updated: Dec 6, 2025

Summary

Significant purchase-price assistance targeted at first-time buyers in Chicago to lower barriers in expensive markets and promote new construction/infills.

Benefits

purchase price assistancedown payment assistanceclosing cost assistancecity programnew constructionrehabbed homeslarge assistance amount

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerIllinois homebuyerChicago homebuyer

Eligible Locations

First-time homebuyers purchasing a newly constructed or substantially rehabilitated owner-occupied home within the City of Chicago who meet program income limits, complete required homebuyer training and counseling, use an approved lender, and agree to live in the home as their primary residence for the required affordability period.

Eligibility

First-time homebuyers, income-eligible, purchasing newly constructed or rehabbed home in city limits, complete required trainings.

Full Description

The Building Neighborhoods & Affordable Homes (BNAH) program from the City of Chicago provides qualifying first-time buyers up to $100,000 in assistance toward the purchase price of a newly constructed or substantially rehabilitated home in the city. It is designed to boost homeownership in infill and revitalizing neighborhoods, alongside required homebuyer education and occupancy terms.

Verification & Details

Status: Open

Source: chicago.gov

Official source → chicago.gov

Apply on official siteUpdated Dec 6, 2025

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