The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 | village@oak-park.us

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Loans, grants available for rehab projects

Income-eligible, single-family households are invited to apply for no-interest home rehabilitation loans of up to $25,000 to correct health and safety issues and building code violations, such as broken pipes, a leaking basement or roof, crumbling entry stairs, dangerous electrical systems or accessibility obstacles.

Related projects to deal with peeling or damaged lead paint surfaces may be covered under a separate grant of up to $12,000.

No monthly payments are required and loans are repayable after 20 years or when the property is transferred. Grants do not have to be repaid.

Eligibility is determined by income limits set for the Chicago area by the Department of Housing and Urban Development. For example, a family of four with a total household income below $63,200 would qualify for a loan and a grant.

For more information visit www.oak-park.us/housing, email housing@oak-park.us or call 708.358.5410.