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

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Rehab loans available

Single-family homes – No-interest loans of up to $25,000 are available to income-eligible owners of single-family homes to help pay for needed repairs such as correcting building code violations, replacing deteriorated exterior stairs, repairing a leaking roof, upgrading mechanical systems and making accessibility alterations. To qualify, homes must be owner-occupied and household income must be at or below 80 percent of the area median income — for example $58,250 for a two-person household. No monthly payments are required and loans do not have to be repaid for 20 years or until the property is transferred. The program also offers grants to help pay for correcting peeling or damaged lead paint surfaces separate from rehab issues. For more information, visit, call 708.358.5415, or email

Rental properties – Owners of multi-family buildings with seven or fewer units may be eligible for forgivable loans of up to $5,000 per unit under the Small Rental Rehab Program. Owners need to contribute matching funds of at least 25 percent of the total project cost and agree to rent to income-eligible tenants for two years. Rehab work eligible for funding include general property repairs, unit upgrades and energy efficiency improvements. For more information, visit, call 708.358.5415 or email