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Get Matched Free →HACC County-Wide Homeownership Program
Funding status: Active
How much assistance
Up to $40,000 second mortgage (Forgivable Loan)
50% of the loan is forgiven at 10% per year over 10 years of owner-occupancy. The remaining 50% becomes due only on transfer of title to anyone other than the original head(s) of household.
Eligibility
- Income limits: Income-eligible households — confirm current limits with the Housing Authority of Champaign County.
- First-time buyer required: No
- Geographic restrictions: Home must be located within Champaign County, Illinois.
- Homebuyer education required: Yes
How to Apply for HACC County-Wide Homeownership Program
Step 1: Contact the Housing Authority of Champaign County directly to begin the application. Complete HUD-approved homebuyer education and coordinate with an IHDA-participating lender if layering state assistance.
Notes
Can be used for down payment, closing costs, or to write down the purchase price. Verify current funding availability with HACC before making an offer.