Purchase Assistance Program

Ang Purchase Assistance Program ay isang grant para sa mga bibili ng bahay sa Chicago, Illinois. 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. Up to $30,000 in down payment and closing-cost grant assistance when purchasing a 1-4 unit primary residence in the City of Chicago and financing through Neighborhood Lending Services (NLS), the lending arm of NHS Chicago. Grant is non-repayable as long as borrower satisfies any short owner-occupancy requirement attached to the funding stream. Multiple sub-programs (NLS DPA, CHA Choose to Own, TIF Purchase-Rehab, MMRP, FHLBank Chicago DPP) are aggregated under the Purchase Assistance umbrella. final grant amount and eligibility depend on funding source and AMI tier. Ang pondo ay mula sa Nonprofit, CDFI, Federal, HOME, CDBG, FHLB, at TIF.

Ang Purchase Assistance Program ay isang grant, kaya hindi ito binabayaran. Kailangang bayaran kapag may Grant - generally non-repayable once funded at some sub-programs (e.g., FHLBank DPP) carry a 5-year retention period during which a prorated recapture applies if home is sold, refinanced, or non-occupied. Nakatala ang tulong bilang lien sa posisyong Grant (no lien) for most products; some FHLBank DPP grants recorded as soft second with retention period. 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 Purchase Assistance Program sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: Typically 640 FICO via NLS first-mortgage product. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NHS Chicago HUD-certified homebuyer education and one-on-one housing counseling (required prior to grant award). Requirement sa paninirahan: Property must be within the City of Chicago and used as borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or qualifying non-citizen with eligible immigration status. Buyer must complete NHS Chicago HUD-approved homebuyer education and one-on-one housing counseling. Property must be 1-4 unit primary residence in the City of Chicago (some sub-programs limited to specific neighborhoods such as MMRP areas or TIF districts). Must finance with NLS for most grant streams. Household income up to 120% Chicago AMI. Borrower must contribute $1,000 or 1% of purchase price toward transaction. Minimum 640 FICO typical. Verify current grant availability via NHS Grants Portal as some sub-programs (e.g., MMRP) may temporarily close to applications.

Nililimitahan ng Purchase Assistance Program ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income up to 120% of Chicago-Naperville-Elgin MSA AMI; seed range $67,150-$213,000 spans across NHS sub-programs and household sizes. 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 Purchase Assistance Program ang presyo ng pagbili: Per NLS first-mortgage product limits and HUD HOME/CDBG limits where applicable. Kabilang sa mga kwalipikadong uri ng ari-arian ang 1-4 unit residential primary residence (single-family, duplex, triplex, fourplex), condominium, townhouse. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Purchase Assistance Program ang mga bibili ng bahay sa Chicago, Illinois. Tinutukoy ng programa ang mga partikular na lugar: MMRP (Micro-Market Recovery Program) neighborhoods and TIF districts receive higher grant tiers; see NHS Grants Portal for current target-area maps.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Purchase Assistance 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 NHS Grants Portal (nhschicago.org/grantsportal) following NHS housing counseling intake; grants subject to availability per sub-program funding stream. 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.