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MMRP Purchase Assistance Grant

Program Overview

The MMRP Purchase Assistance Grant provides up to $15,000 in down payment/closing cost assistance for the purchase of a home in one of the City of Chicago’s 13 Micro Market Recovery Program (MMRP) Areas.

 

General Eligibility Requirements

To qualify for a MMRP Purchase Assistance Grant:

  • You must live in your newly purchased home.
  • Homes must be single family (up to 4-unit) homes or a condominium.
  • Live in one of the City of Chicago’s 13 MMRP Target Areas. Confirm by your address to see if you live in a MMRP area.
  • Meet household income requirements. See income eligibility chart below.
  • Attend a HUD certified 8-hour Homeownership Workshop (Link to NHS classes).
  • If purchasing 2-4 unit property, attend a Landlord Training that includes information on the Cook County Landlords Ordinance.
  • You can pair the grant with either a Conventional Loan or FHA financing.

 

Income Eligibility

MMRP Purchase Assistance Grants are available to low and moderate-income households earning up to 120% of the Area Median Income (AMI) for the Chicago Metropolitan Area as determined by the U.S. Department of Housing and Urban Development. Please see table below to determine if you meet the income eligibility requirement. Household size and income will be verified by using tax returns and other financial documents during the application process. Please refer to the list of required documents required documents you will need to complete the application process. If you are not sure about your income eligibility, please call NHS Client Services at 773-329-4111 or email Grants@nhschicago.org.


1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50% Area Median Income
$29,650$33,850$38,100$42,300$45,700$49,100$52,500$55,850
80% Area Median Income
$47,400$54,200$60,950$67,700$73,150$78,550$83,950$89,400
100% Area Median Income
$59,300$67,700$76,200$84,600$91,400$98,200$105,000$111,700
120% Area Median Income
$71,160$81,240$91,440$101,520$109,680$117,840$126,000$134,040