Ready for Homeownership?
You could be eligible for up to $10,000 in down payment assistance from the Village of Hazel Crest. South Suburban Housing Center is happy to partner with Hazel Crest to administer this program’s application, counseling, and education.
Grant Requirements:
- Property must be located in Hazel Crest, IL
- Five-year forgivable grant
- Conventional financing and participating lenders only
- Primary residence, one-unit properties
- Cannot own other residential real estate at closing
- Funds are limited– first come first serve
- The grant amount is based on household income (see AMI chart below)
- Applicants must complete SSHC’s Homebuyer Education Course and Home Purchase Counseling
How to Get Started:
Contact South Suburban Housing Center for more information and to begin intake.
Call (708) 957-4674 or email sshc.contact@gmail.com
Participating Lenders:
You are encouraged to compare the products, rates, and services of multiple lenders. You are entitled to choose whichever lender and lending product best meets your needs. Below is the list of participating lenders for this program:
- Associated Bank
- BMO Harris Bank
- Chase
- CIBC
- Citi Bank
- Fifth Third Bank
- First Savings Bank of Hegewisch
- Huntington
- Old National Bank
- Wintrust Mortgage
Grant Amounts Based on Household Income:
The following chart is based on the 2024 Area Medium Income (AMI) limits for the Chicago, Naperville-Joliet HUD Metro Area.
- Less than 60% AMI: $10,000 Grant
- 60 – 80% AMI: $7,500 Grant
- 80-120% AMI: $5,000 Grant
| Household Size: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| < 60% AMI | $47,100 | $53,820 | $60,540 | $67,260 | $72,660 | $78,060 | $83,460 | $88,800 |
| < 80% AMI | $62,800 | $71,800 | $80,750 | $89,700 | $96,900 | $104,100 | $111,250 | $118,450 |
| < 120% AMI | $94,200 | $107,640 | $121,080 | $134,520 | $145,320 | $156,120 | $166,920 | $177,600 |