NHS Chicago's Purchase Assistance Program is an umbrella for several down-payment and closing-cost grant streams totaling up to $30,000 per buyer, available when financing a 1-4 unit Chicago primary residence through Neighborhood Lending Services (NLS), NHS's CDFI lending arm. Sub-programs include the standard NLS DPA, MMRP Purchase Assistance Grants (Micro-Market Recovery Program areas), TIF Purchase-Rehab grants, CHA Choose to Own assistance, and FHLBank Chicago Downpayment Plus (DPP) funds. Buyers must complete NHS HUD-approved homebuyer education.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on Purchase Assistance Program: what it is, who it is for, whether it has to be paid back, where it applies and how to apply. Based on program data from June 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.