Building Neighborhoods and Affordable Homes Program

Building Neighborhoods and Affordable Homes Program é um empréstimo perdoável para compradores de imóveis em 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). Os recursos vêm de Local, Federal, CDBG e AHOF.

Building Neighborhoods and Affordable Homes Program oferece até $100,000 de ajuda. Contribuição do comprador de imóvel: Per first-mortgage product. O programa pode ser combinado com outras ajudas, sujeito às regras de cada uma. Os valores são os máximos publicados pelo programa, não uma oferta — o órgão que administra o programa define qualquer ajuda individual.

Building Neighborhoods and Affordable Homes Program é perdoado após 10 anos, então o comprador de imóvel que permanecer esse tempo não o devolve. O reembolso é acionado por Deferred (no monthly payments) e 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. A ajuda é registrada como ônus em posição 2nd Lien. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

Building Neighborhoods and Affordable Homes Program é aberto a compradores de imóveis que vão morar no imóvel como residência principal. Sobre crédito, o programa afirma: Per first-mortgage lender requirements; no separate BNAH FICO floor. É exigido um curso de educação para compradores de imóveis, por meio de DOH-approved HUD-certified housing counseling agency (homebuyer education recommended/required by developer or DOH). Requisito de residência: Property must be within the City of Chicago, owner-occupied as primary residence for 10 years. Cidadania ou situação imigratória: 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 a renda familiar a 140% da renda mediana da região, que varia conforme o condado e o tamanho da família. 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. O limite vale para a renda total da família, não só a do mutuário. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

Building Neighborhoods and Affordable Homes Program limita o preço de compra assim: Per BNAH-approved newly-constructed home (purchase price set per the underlying City Land Sale Redevelopment Agreement or City Lots for Working Families Agreement). Os tipos de imóvel elegíveis incluem 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. Construções novas são elegíveis. Casas pré-fabricadas não são elegíveis.

Building Neighborhoods and Affordable Homes Program atende compradores de imóveis que compram em Chicago, Illinois.

As inscrições para Building Neighborhoods and Affordable Homes Program são feitas por meio de o órgão que administra o programa, que publica as condições atuais e as etapas da inscrição no próprio site. Os recursos são reservados por meio de Application via the BNAH home developer at time of purchase contract; subject to City DOH approval and annual CDBG/AHOF allocation. A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.