Peoria Standard

PEORIA, IL (May 20, 2024) - The city of Peoria has announced that its Down Payment Assistance Program and Housing Rehabilitation Program will conclude on Wednesday, July 31 at 3 p.m.

The Down Payment Assistance Program provides financial aid to prospective homeowners looking to purchase a home in a Qualified Census Tract (QCT) within the city of Peoria. Homebuyers purchasing a house that is currently owner-occupied are eligible for a maximum of $5,000. Those purchasing a house that is currently a rental property can receive up to $10,000. For more information or to check if your future home is in a QCT, visit the Down Payment Assistance Program page or call the Development Center at 309-494-8600.

The Housing Rehabilitation Program offers a 50/50 matching grant for exterior building and site improvements for single-family homes. This program provides up to $15,000 of assistance to homeowners in a Qualified Census Tract (QCT) within the city of Peoria. Applicants must be at or below 120% of the area median income (AMI) by household size.

For instance, households with one member can have a maximum income of $64,200; two-member households can earn up to $73,320; three-member households can earn up to $82,440; four-member households can earn up to $91,560; five-member households can earn up to $99,000; and six-member households can earn up to $106,320.

To find out if your future home is in a QCT and apply for this program or for more information, visit the Housing Rehabilitation Program page or call the Development Center at 309-494-8600.