Down Payment Assistance for Partnership Neighborhoods

Down payment grant assistance funds from the Federal Home Loan Bank of Chicago (FHLBC) are available for 30 loans of $4,000 per household. First-time home buyers must purchase a home within the zip code area of the following Partnership Neighborhoods:

Beloit - 53511

Madison - 53711

Milwaukee - 53204, 53209,53212, 53215, 53218, 53223, 53224

Racine - 53402, 53403, 53404, 53405

Who Has Access

Any WHEDA® participating lender has access to these down payment assistance funds. Remember that this grant assistance is available for a limited time on a first-come, first-served basis.

Income Qualifications

In addition to regular WHEDA guidelines, borrowers must meet AHP income limits using AHP income calculation guidelines.
Check here for maximum income limits for all eligible zip codes.
Check here for AHP income calculation guidelines.

Home Buyer Education

All first-time home buyers must complete six to eight hours of face-to-face home buyer education. Up to $600 from these grant assistance funds can be used to pay for Home buyer education offered by a non-profit housing counseling organization. Home buyer education offered online, via a written study guide, or over the phone is not eligible for this program.

Procedures

Understanding the steps you need to take in the WHEDA Home Loan application process to access the Down Payment Assistance for Partnership Neighborhoods.