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The Neighbor Project (NeighborWorks chartered member, HUD-approved housing counseling agency) / Community Foundation of the Fox River Valley (fund administrator)

The Neighbor Project Closing the Gap Homeownership Grant

Up to $7,000 toward a down payment in IL.

Location
IL
Type
Forgivable assistance
Max assistance
$7,000
First-time buyer
Required
Property types
Single family, Condo, Townhouse

The Neighbor Project's Closing the Gap grant provides $3,000-$7,000 in down payment assistance for Black/African American and minority homebuyers in the Aurora, Illinois area, administered through the Community Foundation of the Fox River Valley. Grant amount scales with duration of one-on-one HUD-certified counseling. Designed to be bundled with FHLBank DPP and bank partner DPA for total ~$18,000-$24,000. TNP is a NeighborWorks chartered member and 2024 MacKenzie Scott awardee. Prerequisite: complete Homebuyer Education certificate through TNP's HUD-approved program.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

The Neighbor Project Closing the Gap Homeownership Grant, explained

A short, free course on The Neighbor Project Closing the Gap Homeownership Grant: 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 August 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.