East St. Louis Lansdowne Park Home Buyer Assistance Program

What is East St. Louis Lansdowne Park Home Buyer Assistance Program?

East St. Louis Lansdowne Park Home Buyer Assistance Program is a forgivable loan for homebuyers in East St. Louis, Illinois, administered by City of East St. Louis Community & Economic Development Department.

• $25,000 grant at closing.
• Forgiven over 5 years ($5,000/year).
• Supports new construction in Lansdowne Park revitalization area.

How much assistance does it provide?

East St. Louis Lansdowne Park Home Buyer Assistance Program offers up to $25,000 in assistance.

• Amounts are the program's published maximums, not an offer — City of East St. Louis Community & Economic Development Department determines any individual award.

Do you have to pay it back?

East St. Louis Lansdowne Park Home Buyer Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale before 5-year occupancy requirement; prorated repayment at $5,000/year.
• The assistance is recorded in second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

East St. Louis Lansdowne Park Home Buyer Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

East St. Louis Lansdowne Park Home Buyer Assistance Program sets its income limit as follows: Income eligibility requirements not specified in published announcement; contact Remy Dean, Grant Coordinator for full eligibility details.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

East St. Louis Lansdowne Park Home Buyer Assistance Program caps the purchase price as follows: Purchase must be a newly constructed single-family home in Lansdowne Park Subdivision (25th Street & Gross Ave, East St. Louis).

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

East St. Louis Lansdowne Park Home Buyer Assistance Program serves buyers purchasing in East St. Louis, Illinois.

• The program targets specific areas: Lansdowne Park Subdivision, East St. Louis (25th Street & Gross Ave).
• Targeted neighborhoods: Lansdowne Park.

How do you apply?

Applications for East St. Louis Lansdowne Park Home Buyer Assistance Program go through City of East St. Louis Community & Economic Development Department, which publishes the current terms and the application steps on its own site.

1. 1

   Contact City of East St. Louis Community & Economic Development Department to reserve funds

   Funds are reserved through First 10 qualifying buyers, and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.