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Homestead Corporation of Champaign-Urbana

Administered by: Homestead Corporation of Champaign-Urbana (a Community Housing Development Organization) · Nonprofit · Grant

Funding status: Active

How much assistance

Direct price subsidy reducing purchase price of Homestead-rehabbed homes (Grant)

Eligibility

  • Income limits: Below 80% of Champaign County median family income (adjusted for household size)
  • First-time buyer required: Yes — No prior home ownership in the past 3 years
  • Geographic restrictions: Homes available in the Champaign-Urbana area (Champaign County, IL)

How to Apply for Homestead Corporation of Champaign-Urbana

Step 1: Contact Homestead Corporation through homesteadcorp.org to inquire about currently available rehabbed homes for sale. Homestead acquires and rehabilitates homes, then resells to income-qualified first-time buyers at a subsidized price.

Notes

Exact subsidy amount, purchase price cap, credit minimum, and homebuyer education requirement are not published online. Verify with Homestead Corporation directly.

Cities Where This Program Is Available