Building Neighborhoods and Affordable Homes Program

Building Neighborhoods and Affordable Homes Program es un préstamo condonable para compradores de vivienda en Chicago, Illinois. The Building Neighborhoods and Affordable Homes (BNAH) Program is the City of Chicago Department of Housing's flagship gap-financing program for buyers of newly-built homes constructed on previously city-owned lots transferred via Land Sale Redevelopment Agreements or City Lots for Working Families Agreements. Provides up to $100,000 as a 10-year, 0% interest deferred forgivable second mortgage. Buyer must occupy as primary residence; loan is fully forgiven after 10 years. CDBG-funded for <=80% AMI; AHOF-funded for 81%-140% AMI. Expanded citywide in 2023. Up to $100,000 in purchase-price gap-financing assistance for the purchase of a primary, owner-occupied newly-constructed single-family residential building (1-4 dwelling units) built pursuant to a City of Chicago Land Sale Redevelopment Agreement or City Lots for Working Families Agreement. Structured as a 10-year, 0% interest deferred forgivable loan (forgivable note conditioned on continued owner-occupancy for the 10-year term). No monthly payments. Loan is forgiven at the end of the 10-year occupancy period. sale/refi/non-occupancy before maturity triggers a prorated payback to the City. Funded through CDBG (for buyers <=80% AMI) and the City's Affordable Housing Opportunity Fund (AHOF) (for buyers 81%-140% AMI). Los fondos provienen de Local, Federal, CDBG y AHOF.

Building Neighborhoods and Affordable Homes Program ofrece hasta $100,000 de ayuda. Aporte del comprador de vivienda: Per first-mortgage product. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Building Neighborhoods and Affordable Homes Program se perdona después de 10 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Deferred (no monthly payments) y fully forgiven at end of 10-year owner-occupancy term. Prorated unforgiven balance due if home is sold, refinanced with cash-out, transferred, or ceases to be primary residence before 10 years. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Building Neighborhoods and Affordable Homes Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: Per first-mortgage lender requirements; no separate BNAH FICO floor. Se requiere un curso de educación para compradores de vivienda, a través de DOH-approved HUD-certified housing counseling agency (homebuyer education recommended/required by developer or DOH). Requisito de residencia: Property must be within the City of Chicago, owner-occupied as primary residence for 10 years. Ciudadanía o situación migratoria: U.S. citizen or qualifying non-citizen with eligible immigration status (per HUD CDBG rules where applicable). Property MUST be a newly-constructed single-family residential building (1-4 units) built pursuant to a City of Chicago Land Sale Redevelopment Agreement or City Lots for Working Families Agreement (i.e., on a city-owned lot transferred at below-market price). Buyer must occupy as primary residence for 10 years. Household income at or below 140% Chicago AMI. Income tier dictates funding source: <=80% AMI uses HUD CDBG; 81%-140% AMI uses City AHOF. Available citywide (program expanded city-wide in 2023).

Building Neighborhoods and Affordable Homes Program limita el ingreso del hogar al 140% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 140% of Chicago-Naperville-Elgin MSA AMI per HUD/Chicago annual chart. Seed range $109,900-$207,200 reflects 80%-140% AMI by household size. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Building Neighborhoods and Affordable Homes Program limita el precio de compra así: Per BNAH-approved newly-constructed home (purchase price set per the underlying City Land Sale Redevelopment Agreement or City Lots for Working Families Agreement). Los tipos de propiedad elegibles incluyen Newly-constructed single-family residential building (1-4 dwelling units) built pursuant to a City Land Sale Redevelopment Agreement or City Lots for Working Families Agreement. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Building Neighborhoods and Affordable Homes Program atiende a compradores de vivienda que compran en Chicago, Illinois.

Las solicitudes de Building Neighborhoods and Affordable Homes Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application via the BNAH home developer at time of purchase contract; subject to City DOH approval and annual CDBG/AHOF allocation. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.