Gov. Pritzker Welcomes 533 New Homeowners Through Groundbreaking SmartBuy Program
CHICAGO – Governor JB Pritzker and the Illinois Housing Development Authority (IHDA) today announced the success of the most recent round of SmartBuy, a first-of-its-kind initiative that helped 533 Illinoisans eliminate $16 million in student loan debt while achieving the dream of homeownership in only 12 weeks. Through SmartBuy, homeowners were able to purchase a home eight years earlier than traditional IHDA borrowers. “Making life more affordable for working families in Illinois is core to my mission as Governor, and my administration is committed to helping Illinoisans turn their dreams of homeownership into a reality,” said Governor JB Pritzker. “We’re proud to help more than one thousand Illinoisans become proud homeowners while forgiving millions of student loan debt through this innovative state program.” Relaunched in December 2024, SmartBuy offered an affordable 30-year, fixed-rate mortgage with $5,000 in deferred down payment or closing
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