Pritzker relaunches homebuyer assistance program
ILLINOIS (25 News Now) - A homebuyer assistance program was relaunched by Governor Pritzker in an effort to help lower-income people of color who have historically faced steeper barriers.
The ‘Opening Doors’ program offers $6,000 in forgivable assistance for a down payment or closing costs.
This latest round of assistance is funded through $8 million in state Rebuild Illinois capital funds. It’s expected to help more than 1,300 potential homebuyers.
This program first launched in December 202 and helped 7,100 first time homebuyers.
Under the ‘Opening Doors’ program, IHDA will provide a 30-year 1st mortgage with a fixed interest rate and $6,000 down payment and/or closing cost.
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