MCCA today announced the award of $250,000 in grants and loans to assist 70 first-time homebuyers to in the purchase of a new home.  These funds are part of a $2.8 million Illinois Housing Development Authority (IHDA) grant allocated to nine agencies for disbursement to Illinois residents to assist with down payment and closing costs, subordinate loans and homebuyer education to income-eligible homebuyers.

More information on this program can be found on our Downpayment Assistance page.

With the new online presence also comes increased access to down payment assistance funding of up to $5,000.  Income-eligible participants can use this forgivable grant towards either down payment funds on a first home or closing costs incurred as the result of the purchase of a first home.

Anyone interested in learning more about this new on-line class may visit the Homebuyer Education page, or contact the housing department directly at (309) 834-9245 (English) or  (309) 834-9254 (Spanish).

Regardless of whether you are a first-time home buyer or an existing home owner ready to make your next home purchase, MCCA urges you to seek home ownership education from a HUD-approved nonprofit organization, like MCCA, before purchasing a home.