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.

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.

East St. Louis Lansdowne Park Home Buyer Assistance Program is forgiven after 5 years, so a homebuyer 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.

East St. Louis Lansdowne Park Home Buyer Assistance Program is open to homebuyers who will live in the home as their primary residence. Residency requirement: Must agree to live in the Lansdowne Park home for at least 5 consecutive years. Restricted to Lansdowne Park Subdivision new construction. Limited to first 10 qualifying buyers. Contact Remy Dean (Grant Coordinator) at 618-600-7197 or Lansdowne UP at 618-515-2800 ext. 1 for eligibility details. Income requirements not publicly specified. [orig: assistance_amount: $25,000; dpa_interest_rate: 0%].

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.

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.

East St. Louis Lansdowne Park Home Buyer Assistance Program serves homebuyers 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.

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. Funds are reserved through First 10 qualifying buyers. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.