South Suburban Housing Center Hazel Crest Down Payment Assistance Program

South Suburban Housing Center Hazel Crest Down Payment Assistance Program is a grant for homebuyers in Hazel Crest, Illinois, administered by South Suburban Housing Center (SSHC) on behalf of Village of Hazel Crest. The Village of Hazel Crest, administered by the South Suburban Housing Center, provides tiered down payment assistance grants up to $10,000 for first-time homebuyers purchasing in Hazel Crest. Grant amounts are based on household income relative to AMI: up to $10,000 for households below 60% AMI, $7,500 for 60–80% AMI, and $5,000 for 80–120% AMI. The 5-year forgivable grant requires completion of SSHC homebuyer education and counseling and use of a participating lender. Up to $10,000 down payment assistance grant. 5-year forgiveness schedule. Tiered by AMI income level. Covers up to 120% AMI. SSHC homebuyer education and counseling provided. Funding comes from Village of Hazel Crest.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program offers between $5,000 and $10,000 in assistance. Award tiers: Less than 60% AMI: $10,000; 60–80% AMI: $7,500; 80–120% AMI: $5,000. Homebuyer contribution: Cannot own other residential real estate at closing; no stated buyer minimum cash contribution. Amounts are the program's published maximums, not an offer — South Suburban Housing Center (SSHC) on behalf of Village of Hazel Crest determines any individual award.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, transfer of title, or non-primary residence within 5 years. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Must qualify with a SSHC participating lender; no published minimum score. A homebuyer education course is required, through SSHC Homebuyer Education Course and Home Purchase Counseling required. Residency requirement: Property must be located in Hazel Crest, IL. Cannot own any other residential real estate at closing. Conventional financing and participating lenders only. Administered by SSHC on behalf of Village of Hazel Crest — contact SSHC at (708) 957-4674.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size. Tiered by AMI using 2024 Chicago-Naperville-Joliet HUD Metro Area limits. 4-person: <60% AMI = $67,260; <80% AMI = $89,700; <120% AMI = $134,520. The limit applies to total household income, not only the borrower&rsquo;s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program caps the purchase price as follows: 1-unit properties only; no stated max purchase price in reviewed materials. Eligible property types include Single Family. Manufactured homes are not eligible.

South Suburban Housing Center Hazel Crest Down Payment Assistance Program serves homebuyers purchasing in Hazel Crest, Illinois. The program targets specific areas: Village of Hazel Crest, IL only. Targeted neighborhoods: Hazel Crest.

Applications for South Suburban Housing Center Hazel Crest Down Payment Assistance Program go through South Suburban Housing Center (SSHC) on behalf of Village of Hazel Crest, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served; contact SSHC to begin intake. 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.