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Chicago Housing Trust

Administered by: Chicago Housing Trust · City · Silent Second Mortgage

Funding status: Active

How much assistance

Below-market home prices; preserves long-term affordability (Silent Second Mortgage)

Homes sold through the Trust carry resale restrictions that preserve affordability for future buyers. Appreciation is shared based on program formula.

Eligibility

  • Income limits: Low- to moderate-income Chicagoans. Limits vary by program and property.
  • First-time buyer required: Yes — Has not owned a home in the past 3 years.
  • Geographic restrictions: Chicago Housing Trust-controlled properties across Chicago neighborhoods (130+ homes/condos).
  • Homebuyer education required: Yes

How to Apply for Chicago Housing Trust

Step 1: Contact Chicago Housing Trust to view available inventory. Complete homebuyer education. Must be approved for a mortgage with a participating lender.

Visit program website

Notes

Formerly known as Chicago Community Land Trust. Designed to preserve long-term affordability.

Cities Where This Program Is Available