The Central Illinois Land Bank Authority’s Homeowner Occupied Rehab program provides 0% interest forgivable loans to eligible homeowners in rural areas of Champaign County (any community outside Champaign, Urbana, or Rantoul) to help repair deteriorating homes. Eligible repairs will focus on exterior projects including porches, roofs, chimneys, leaders & gutters, siding, steps, and ramps.
For additional clarifying information, see our flyers for the following member communities:
Champaign County
Rural Communities
Eligibility Requirements
- Households with incomes up to 65% of the area median income
- Property must be owner occupied and insured


Program Timeline
- Summer 2023: Land Bank begins accepting applications.
- May/June 2023: Lottery is held to select the homes that will receive 0% interest loans. Selected homes will proceed with income verification.
- Summer 2023: CILBA will develop rehab scope of work on selected homes.
- Summer / Fall 2023: CILBA bids out projects and work begins.
What is a 0% interest forgivable loan?
It is a 0% loan that will be forgiven after 5 years. A lien will be placed on your property for the amount of the 0% loan and the loan is forgiven over the 5-year period until completely forgiven in year 5. If the property is sold before the 5-year term ends, the unforgiven balance will be due out of the net proceeds from the property sale.
If you have any questions, please contact:
- Emma Walters at ewalters@cilba.org
- Mike Davis at mdavis@cilba.org
