Ready for Homeownership?
South Suburban Housing Center is providing up to $15,000 in down payment assistance to eligible homebuyers purchasing in Gary, Indiana. Below are the basic requirements, eligible communities, and our preferred lenders.
Must Purchase in Gary, Indiana
Five-Year Forgivable Grant
Primary Residence, One-Unit Properties
Cannot Own Other Residential Real Estate at Closing
Funds Are Very Limited – FIRST COME FIRST SERVE
Conventional Financing & Preferred Lenders Only
You are encouraged to compare products, rates, and services of multiple lenders and are entitled to choose whichever lender and lending product best meets your needs.
- Associated Bank
- BMO Harris Bank
- Centier Bank
- Chase
- Fifth Third Bank
- First Merchants Bank
- First Savings Bank of Hegewisch
- Old National Bank
Applicants Must Complete Homebuyer Education & One-on-One Counseling
Email Tonisha Brown at tbrown@southsuburban.net
Grant Amount is Based on Household Income (up to 120% AMI)
2023 Area Medium Income (AMI) limits are for the Gary, IN HUD Metro FMR Area. See the charts below to see your household AMI.
- Less than 60% AMI: $15,000 Grant
- 60 – 80% AMI: $10,000 Grant
- 80-120% AMI: $5,000 Grant
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| < 60% | $37,560 | $42,900 | $48,240 | $53,580 | $57,900 | $62,160 | $66,480 | $70,740 |
| 60-80% | $50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 | $88,600 | $94,350 |
| 80-120% | $75,120 | $85,800 | $96,480 | $107,160 | $115,800 | $124,320 | $132,960 | $141,580 |