Down Payment Assistance Program

The Down Payment Assistance Program is a grant program that offers down payment assistance to homebuyers of up to $5,000 towards a single-family home within a qualified census tract (QCT)

Any one who uses this funding to purchase a home must own and live in the home for at least two years after closing.

Program Requirements

  • Home purchase price must be at or below $125,000
  • Must have a signed contract for the home
  • Must be approved for a primary mortgage
  • Must have a closing company/attorney with a closing date 
  • Cannot owe the City any fines, fees, or taxes 

Is Your New Home in a QCT?

Not sure if your future home is in a Qualified Census Tract (QCT)? 

1. Go to the Searchable Qualified Census Tract Map.
2. Type the address in the top left corner. Include "Peoria, Illinois" and the zip code.
3. Click "Color QCT Qualified Tracts".
4. If the address is within the purple boundary, it is within a QCT.

Apply Now

The Down Payment Assistance Program Application is available online.

Questions? Contact our Land Manager or call us at 309-494-8622.