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Community Development | Press Releases

Posted on: February 6, 2024

City of Peoria Accepting Down Payment Assistance Applications

The Down Payment Assistance Program is open and the city of Peoria is accepting applications on a rolling basis. 

The Down Payment Assistance Program provides help to prospective homeowners to purchase a home in a Qualified Census Tract (QCT). Approved applicants will receive a maximum of $5,000. 

To qualify for the Down Payment Assistance Program, applicants must: 

  • Have a signed contract for a single-family home with a purchase price at or below $125,000
  • Be approved for a primary mortgage
  • Have a closing company or attorney with a closing date
  • Cannot owe the City any fines, fees, or taxes

Visit the Down Payment Assistance Program page to find out if your future home is in a QCT and apply or call the Development Center at 309-494-8600 for more information.

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