Single Family Redevelopment Program

Under Kane County'​s Single Family Redevelopment Program, foreclosed houses up-and-down the Fox Valley are being beautifully renovated and are available for purchase (at very attractive prices!) to eligible homebuyers. Outlined below are the homebuyer eligibility criteria,financing terms, and steps in the home-buying process.

Click here to View Available Homes and find program guidelines, application forms and information about homes redeveloped through the Single Family Redevelopment Program.

• Homebuyers must not exceed certain income limits in order to purchase a home under the Single Family Redevelopment Program; certain guidelines and limits are specific to each home. Click the "View Available Homes" link to see the guidelines for each home.

• The Single Family Redevelopment Program is not just for first-time homebuyers, but program rules require that homes purchased serve as the primary residence of the homebuyer. (Sorry, no investors.)

• In order to purchase one of these homes, Homebuyers must follow the steps outlined in the application/guidelines, and complete homebuyer counseling from a HUD certified counselor/agency*.  Please make sure that the agency can confirm that they are in compliant with HUD's guidelines for Homebuyer Counseling. Homebuyers will be required to provide a certification from the Housing Counselor. *Local HUD-certified Housing Counseling agencies include: The Neighbor Project (Aurora) (630-906-9400); DuPage Homeownership Center (Wheaton) 630-260-2500; Consumer Credit Counseling Service of Northern Illinois (Elgin) (815-338-5757).

• Homebuyers are required to have a minimum investment in the purchase equal to 1% of the purchase price, and must obtain a first mortgage from a lender of their choice. 

• Homebuyers must submit an application and be deemed "QUALIFIED" before they are able to submit an offer to purchase one of the available homes.