FHLBank Chicago launches $28 million Downpayment Plus Grant programs to help homebuyers in Illinois and Wisconsin.
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is tackling housing affordability by introducing the 2026 Downpayment Plus (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) grant initiatives. A total of $28 million will be allocated to aid income-eligible homebuyers in Illinois and Wisconsin in conquering the obstacle of saving for a down payment. This move aims to support individuals in achieving homeownership by alleviating financial burdens associated with purchasing a home. This effort is crucial amidst the ongoing challenges surrounding housing affordability.
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