HB 4283

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Full Text of HB4283
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	HB4283 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB4283
Introduced 1/14/2026, by Rep. Michael Crawford
SYNOPSIS AS INTRODUCED:
20 ILCS 3805/7.34 new
30 ILCS 105/5.1038 new
Amends the Illinois Housing Development Act. Requires the Illinois Housing Development Authority (Authority) to establish and administer a First-Generation Homebuyer Down Payment Assistance Program to provide targeted assistance to eligible first-generation homebuyers throughout the State for the purchase of a single-family or non-commercial multi-family residence. Sets forth eligibility requirements. Permits the Authority to prioritize assistance to applicants purchasing homes in designated community priority areas, applicants with household income below 80%, and applicants purchasing homes in areas with low homeownership rates, high housing costs burdens, or limited access to affordable mortgage credit. Provides that assistance under the program shall be provided as a forgivable loan to be forgiven pro rata on a monthly basis over a 5-year period of continuous owner-occupancy. Sets forth the available loan amounts and provides that assistance funds may be used for down payments, closing costs, mortgage insurance, interest rate buydowns, or principal reduction. Permits the Authority to waive repayment in cases of documented financial hardship that is beyond the control of the homebuyer. Permits the Authority to adopt rules to implement and administer the program. Effective July 1, 2026.
LRB104 16472 KTG 29867 b
A BILL FOR
		HB4283		LRB104 16472 KTG 29867 b
1    AN ACT concerning State government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Housing Development Act is amended
5by adding Section 7.34 as follows:
6    (20 ILCS 3805/7.34 new)
7    Sec. 7.34. First-Generation Homebuyer Down Payment 
8Assistance Program.
9    (a) The General Assembly finds that:
10        (1) Homeownership remains one of the strongest 
11    pathways to long-term financial stability.
12        (2) First-generation buyers face additional barriers 
13    including lack of family homeownership history, limited 
14    intergenerational financial support, and higher upfront 
15    cost burdens.
16        (3) Illinois currently offers down payment assistance 
17    but does not have a program specifically tailored to 
18    first-generation homebuyers.
19    (b) The Authority shall establish and administer a 
20First-Generation Homebuyer Down Payment Assistance Program. 
21The Authority shall use moneys in the First-Generation 
22Homebuyer Down Payment Assistance Fund, a special fund created 
23in the State treasury, and any other funds appropriated for 
		HB4283	- 2 -	LRB104 16472 KTG 29867 b
1this purpose, to provide targeted assistance to eligible 
2first-generation homebuyers throughout the State.
3    (c) For purposes of this Section, "eligible 
4first-generation homebuyer" means an individual:
5        (1) who has resided in Illinois for at least one year 
6    immediately preceding his or her application for 
7    assistance;
8        (2) whose household income is at or below 120% of the 
9    area median income at the time of purchase;
10        (3) who meets the following criteria:
11            (A) has never owned a home or has not owned a home 
12        in the last 3 years;
13            (B)(i) has parents or prior legal guardians who 
14        have never owned a home, or (ii) was previously placed 
15        in foster care, kinship care, or institutional care 
16        prior to attaining the age of 18;
17        (4) if applicable, has a spouse or partner who also 
18    meets the requirements under paragraph (3);
19        (5) who completes a homebuyer education course 
20    approved by the U.S. Department of Housing and Urban 
21    Development or the Authority; and
22        (6) who plans on occupying the home as a primary 
23    residence. For purposes of this paragraph, "home" includes 
24    any non-commercial multi-family residence.
25    (d) The Authority may prioritize assistance applications 
26from:
		HB4283	- 3 -	LRB104 16472 KTG 29867 b
1        (1) applicants purchasing homes in designated 
2    community priority areas, as defined by the Authority;
3        (2) applicants with household income below 80% of the 
4    area median income;
5        (3) applicants purchasing homes in areas with low 
6    homeownership rates; and
7        (4) applicants purchasing homes in areas with high 
8    housing costs burdens or limited access to affordable 
9    mortgage credit.
10    (e) Assistance under this Section shall be provided as a 
11forgivable loan. Eligible first-generation homebuyers may use 
12assistance funds to purchase a single-family or non-commercial 
13multi-family residence. The Authority may provide: (i) 
14standard assistance that is the greater of 10% of the purchase 
15price of a home or $20,000 per eligible first-generation 
16homebuyer household; or (ii) community priority area 
17assistance that is the greater of 15% of the purchase price of 
18the home or $30,000 per eligible first-generation homebuyer 
19household. The amount of assistance may be adjusted for market 
20conditions over time at the discretion of the Authority. The 
21assistance may be used for down payments, closing costs, 
22mortgage insurance, interest-rate buydowns, or principal 
23reduction.
24    (f) A forgivable loan provided under the Section shall be 
25forgiven pro rata on a monthly basis over a 5-year period of 
26continuous owner-occupancy. The Authority, in its discretion, 
		HB4283	- 4 -	LRB104 16472 KTG 29867 b
1may waive repayment in cases of documented financial hardship 
2due to loss of income, disability, natural disaster, or some 
3other circumstance beyond the control of the eligible 
4first-generation homebuyer.
5    (g) The Authority shall do the following in furtherance of 
6its administration of the program:
7        (1) Establish documentation and verification processes 
8    (including self-attestation under penalty of perjury for 
9    parental homeownership history) and fraud prevention 
10    measures.
11        (2) Conduct outreach to prospective buyers statewide.
12        (3) Provide multilingual information and homebuyer 
13    workshops.
14        (4) Issue an annual public report, to be posted on its 
15    official website, that provides data and information on 
16    assistance applicants, outcomes, assistance amounts, and 
17    home retention rates.
18    (h) The Authority may adopt any rules necessary to 
19implement and administer the program.
20    Section 10. The State Finance Act is amended by adding
21Section 5.1038 as follows:
22    (30 ILCS 105/5.1038 new)
23    Sec. 5.1038. The First-Generation Homebuyers Down Payment 
24Assistance Fund.
		HB4283	- 5 -	LRB104 16472 KTG 29867 b
1    Section 99. Effective date. This Act takes effect July 1,
22026.