Public Safety Officer Home Buyer Assistance Program

The Public Safety Officer Home Buyer Assistance Program is a three-year pilot program launched in 2017 that provides funds to three groups of first responders: Chicago police officers, firefighters, and paramedics. The funds will allow the first responders to purchase homes in targeted Chicago neighborhoods to enhance revitalization efforts.

The program builds off the success of a previous Public Safety Officer Program with a renewed focus on encouraging first responders to live in the communities they serve, promoting neighborhood improvement through increased home sales.

Loans are for $30,000 with a total of $3 million available for the program, appropriated from the Affordable Housing Opportunity Fund.

Download the application at this link. For more information, contact Marcia Baxter at 312-744-0696 or review the entire program description at this link.

Eligibility Requirements

  • Participants must be City of Chicago non-probationary, full-time, sworn first responders, in good-standing
  • Must purchase home in a designated area: view the map here or the Census tract data here
  • Must purchase a single-family or two-unit home
  • Must live in the property for at least 10 years after purchase
  • Must make no more than 150 percent Area Median Income (see chart below)

 

150% AMI

2018 INCOME LIMITS

Effective April 1, 2018 until superseded

 

Household Size

Maximum Household Income

1 person

$88,950

2 people

$101,550

3 people

$114,300

4 people

$126,900

5 people

$137,100

6 people

$147,300

 Supporting Information Facts

 I Want To