The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 |

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Rehab loans available for single-family, small rental properties

Single-family homes — No interest loans of up to $25,000 are available to income-eligible households to correct health and safety issues and building code violations. No monthly payments are required. Loans are repayable after 20 years or when the property is transferred.

Rental properties — Rental properties with fewer than eight units may be eligible for forgivable loans of up to $5,000 per unit for projects such as property repairs, unit upgrades and energy efficiency improvements. Owners must contribute matching funds of at least 25 percent of the total project cost and agree to rent to income-eligible tenants for two years.

For more information, call 708.358.5410, email or visit