Building Neighborhoods and Affordable Homes Program

Ang Building Neighborhoods and Affordable Homes Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa 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). Ang pondo ay mula sa Local, Federal, CDBG, at AHOF.

Nag-aalok ang Building Neighborhoods and Affordable Homes Program ng tulong na hanggang $100,000. Ambag ng bibili ng bahay: Per first-mortgage product. Maaaring isama ang programa sa iba pang tulong, ayon sa mga patakaran ng bawat isa. Ang mga halaga ay ang pinakamataas na inilathala ng programa, hindi isang alok — ang ang ahensyang nangangasiwa ang nagpapasya sa anumang indibidwal na award.

Pinapatawad ang Building Neighborhoods and Affordable Homes Program pagkalipas ng 10 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Deferred (no monthly payments) at 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. Nakatala ang tulong bilang lien sa posisyong 2nd Lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Building Neighborhoods and Affordable Homes Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: Per first-mortgage lender requirements; no separate BNAH FICO floor. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng DOH-approved HUD-certified housing counseling agency (homebuyer education recommended/required by developer or DOH). Requirement sa paninirahan: Property must be within the City of Chicago, owner-occupied as primary residence for 10 years. Citizenship o katayuan sa imigrasyon: 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).

Nililimitahan ng Building Neighborhoods and Affordable Homes Program ang kita ng sambahayan sa 140% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 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. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Building Neighborhoods and Affordable Homes Program ang presyo ng pagbili: Per BNAH-approved newly-constructed home (purchase price set per the underlying City Land Sale Redevelopment Agreement or City Lots for Working Families Agreement). Kabilang sa mga kwalipikadong uri ng ari-arian ang 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. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Building Neighborhoods and Affordable Homes Program ang mga bibili ng bahay sa Chicago, Illinois.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Building Neighborhoods and Affordable Homes Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Application via the BNAH home developer at time of purchase contract; subject to City DOH approval and annual CDBG/AHOF allocation. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.