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Building Neighborhoods and Affordable Homes (BNAH)

Administered by: City of Chicago Department of Housing · City · Forgivable Loan

Funding status: Active

How much assistance

Up to 0,000 in purchase price assistance (Forgivable Loan)

10-year owner-occupancy requirement. Must remain as primary residence for full 10-year term.

Eligibility

  • Income limits: Up to 140% Area Median Income (AMI).
  • First-time buyer required: No
  • Geographic restrictions: Five targeted neighborhoods: Englewood Square, North Lawndale, South Lawndale, Humboldt Park/Garfield Park, and Woodlawn. Properties must be newly constructed (up to 4 units) built under a City Land Sale Redevelopment Agreement or City Lots for Working Families Agreement.
  • Homebuyer education required: Yes

How to Apply for Building Neighborhoods and Affordable Homes (BNAH)

Step 1: Contact the City of Chicago Department of Housing or a participating developer in the targeted neighborhoods. Complete homebuyer education. Must commit to 10-year primary residency.

Visit program website

Notes

Grants for new construction purchases in targeted redevelopment areas only.

Cities Where This Program Is Available