The Partnership for New Communities is offering a $15,000 grant from April 15-29 for home buyers at five Chicago developments.
The money can be used toward the down payment and is in addition to the federal tax credit of up to $8,000 available to first-time buyers (those who have not owned a home in the past three years).
The incentive is available at Oakwood Shores, Park Boulevard and Lake Park Crescent on the Near South Side, Parkside of Old Town on the North Side, and at Roosevelt Square on the Near West Side.
The $15,000 is offered on residences priced from $150,000 to $450,000. Also available are 3 percent-down mortgages that provide up to $1,500 in grants to pay for closing costs, and numerous developer incentives.
Open houses are set for April 18 and 25.
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