IHDAccess Forgivable (Down Payment Assistance)

Illinois Housing Development Authority

Available Home Repair

About This Program

IHDAccess Forgivable (Down Payment Assistance) is available in Chicago, IL.

IHDA provides up to 4% of the purchase price for down payment or closing costs, forgivable over 10 years if you live in the home as your primary residence. Must use an IHDA-approved lender and complete homebuyer education. Can be combined with other IHDA programs.

Forgivable over 10 years; requires IHDA-approved lender and homebuyer education

Official source site checked live on 2026-06-22.

Data last verified 2026-04-03. How we verify our data.

In Chicago, IL, you can combine this program with other local help to cut your cost:

Key Details

  • Up to 4% of purchase price for down payment
  • Forgivable over 10 years
  • Must use IHDA-approved lender
  • Homebuyer education course required
  • Can combine with other IHDA programs

How to Apply

Get free help applying Visit Official Program Page Track this program

312-836-5200

A grant-savvy contractor in Chicago, IL can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Chicago early keeps your application moving.

Get matched with a contractor

This program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing through approved lenders

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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Frequently asked questions

How do I apply for IHDAccess Forgivable (Down Payment Assistance) in Chicago, IL?

Apply directly with Illinois Housing Development Authority using the official program link on this page or call 312-836-5200. There is no middleman and no fee.

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