The Village provides the Single Family Loan Rehabilitation Loan program and Home Weatherization Grant program to assist qualifying residents to correct code violations,  health or safety hazards, deficiencies in the home, and to complete weatherization improvements. Funds are provided through the Community Development Block Grant (CDBG) program, allocated to the village by the U.S. Department of Housing and Urban Development (HUD).

2024 HUD Income Limits

 * Income limits are provided by HUD and effective 5/1/2024.

Single Family Rehabilitation Loan Program 

This program provides an interest free loan of a maximum loan of $25,000 that requires no monthly payments, and are paid back upon change of title or sale of the home. Loans can be used to correct code violations, replace old furnaces and water heaters, increase energy efficiency, make improvements for disabled persons and more. Applicants must meet residency, ownership and income requirements to be eligible to apply for the loan. For detailed information and for an application, review the documents listed below. 

Single Family Rehabilitation Loan Program Brochure
Application
Credit Release Authorization
Privacy Notice
Lead Pamphlet

Home Weatherization Grants 

This program provides a matching 50% grant up to a maximum of $1,500. Grants can be used to install wall, floor and attic insulation, storm windows and doors, energy-efficient furnaces and water heaters and more. The applicant must meet ownership requirements and must not exceed HUD's low-income limits. For program details review the Home Weatherization Grant Documents listed below.

Home Weatherization Grant Program Brochure
Application
Credit Release Authorization
Privacy Notice
Lead Pamphlet

Attention General Contractors

The Village pre-qualifies general contractors for availability to bid on rehabilitation projects. All general contractors who seek the addition of their names to the Village’s approved contractor list should review the information provided in the link below, and send your completed Contractor Information Form to Village of Mount Prospect, Community Development Attn: Community Planner, 50 S. Emerson Street, Mount Prospect, IL 60056. The Village treats all potential contractors fairly and equitably but does have the authority to refuse contractors who do not meet the required minimum standards. 

How to Qualify as a CDBG Contractor
Complete the CDBG Contractor Information Form
Register for a Contractor's License
Sample Rehabilitation Contract

For more information, please contact the Community Development Department at (847) 818-5328 or email alalagos@mountprospect.org.