Affordable homes for our community...
now and in the future

Home Ownership

Who is eligible to purchase an affordable home?

Anyone can apply for an affordable home, though each property is subject to an income limit.

  • The first step in purchasing an affordable home is to attend an information session for additional information. Dates for upcoming sessions can be found on our calendar on the right hand side of our webpage. Please call our office to register (847) 681-8746.
  • Homes are available for purchase to those whose gross household income is less than 80-120% of Area Median Income(AMI). The income limit for a particular home depends on the funding source for the home. Below are the income limits for 80, 100 & 120% of AMI. The income limits for each individual home can be found under the Available Properties tab. Please refer to the number that corresponds to the number of individuals in your household.
  • 80% AMI Limit

    Household size

    1

    2

    3

    4

    5

    6

    Income limit

     $44,250

    $50,600

    $56,900

    $63,200

    $68,300

    $73,350

    100% AMI Limit

    Household size

    1

    2

    3

    4

    5

    6

    Income limit

     $55,300

    $63,200

    $71,100

    $79,000

    $85,400

    $91,700

    120% AMI Limit

    Household size

    1

    2

    3

    4

    5

    6

    Income limit

     $66,360

    $75,840

    $85,320

    $94,800

    $102,480

    $111,040

     

  • In order to purchase an affordable home, you must first be qualified by CPAH. All applicants are subject to the same income criteria. Qualified applicants who live or work in the community in which the home located are considered to have a "local preference" and are given priority over qualified applicants who do not have a local preference.
  • In addition to qualifying with CPAH, all applicants must also qualify for a 30-year fixed rate mortgage with a participating lender.

We look forward to seeing you soon!

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CPAH Spotlight:

Craig & Nicia's Story

This is our story of how CPAH helped us turn our lives around and change directions.

We were earning enough income from our jobs that we were able to start saving for a home. Our second baby was on the way and while we weren't entirely secure, we felt we were making progress.

Then Nicia, along with hundreds of others at her company, unexpectedly lost her job of 13 years. Suddenly, we went from two incomes for our family of three, to one income for what would soon be our family of four. To make matters worse, with winter coming, Craig's hours as a truck driver were reduced. Since the rent for our townhome was now out of reach, we looked for a one-bedroom apartment, but we couldn't find decent, affordable housing.

For for the first time, we went into credit card debt to meet our monthly expenses. We were sinking and no matter what we tried, could not change directions. We felt hopeless.

Then we heard about CPAH. We quickly learned that CPAH had thrown us a life preserver. CPAH encouraged us and helped us through the application process. When we were fully qualified, we thought that maybe this was our chance to change directions.

When we walked into the home that would eventually become ours, it was unbelievable. Could this really be a home for our family? The answer was a life-changing yes. Now we have a safe, affordable, permanent place to call home and are optimistic about our future. Our expenses are manageable, and we are part of a wonderful community. Thank you CPAH!


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