Down Payment Assistance Pilot Program

Update (Oct. 29, 2024): Due to overwhelming demand, the initial investment for this program has been fully allocated. County leaders are actively exploring opportunities for additional funding to meet continued demand. Please check back for updates!

The Cook County Down Payment Assistance Program is a $3 million pilot program that helps home buyers with down payments, closing costs or mortgage buydowns.

The program, launched in June 2024, provides subsidies of up to $25,000 or 5 percent of the home purchase, whichever is less.

Club 720 Financial Solutions LLC, an organization committed to helping people on their home-buying journey, is partnering with Cook County on this program. 

Stifel Nicolaus and Company Inc., a brokerage and investment banking firm, is also a partner.

For more information on the program, visit club720.org/cookcounty-dpa today.

Eligibility

Those earning up to 120 percent of the county’s median income are eligible, and in Disproportionately Impacted Areas, there is no income limit.

First-time and repeat buyers throughout Cook County who meet those criteria may apply.

All first-time homebuyers (first-time homebuyers include those purchasing a home for the first time in 3 years) must complete an 8-hour in-person or online Club 720-approved homebuyer education course before closing. Courses are available on the Club 720 website.

Questions?

For direct assistance, email Club 720 at hello@club720.org.