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The original item was published from 5/20/2024 4:28:57 PM to 8/2/2024 12:00:01 AM.

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Community Development | Press Releases

Posted on: May 20, 2024

[ARCHIVED] Down Payment Assistance and Housing Rehab Programs to End July 31

PEORIA, IL (May 20, 2024) The city of Peoria’s Down Payment Assistance Program and Housing Rehabilitation Program will close on Wednesday, July 31 at 3 p.m. 

Down Payment Assistance Program

The Down Payment Assistance Program  provides help to prospective homeowners to purchase a home in a Qualified Census Tract (QCT) within the city of Peoria.   Homebuyers purchasing a house that is currently owner-occupied are eligible for a maximum of $5,000. Homebuyers purchasing a house that is currently a rental property are eligible for a maximum of $10,000. 

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.

Housing Rehabilitation Program

The Housing Rehabilitation Program provides a 50/50 matching grant for exterior building and site improvements for single-family homes with up to $15,000 of assistance to homeowners in a Qualified Census Tract (QCT) within the city of Peoria. 

Applicants must be at or below 120% of the area median income (AMI) by household size. 

Household Size

1

2

3

4

5

6

Maximum Income

$64,200

$73,320

$82,440

$91,560

$99,000

$106,320

 

Visit the Housing Rehabilitation 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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