Land Bank

The Down Payment Assistance Program launched Wednesday, and now qualified homebuyers can earn assistance of $5,000 or up to 10% of their home's purchase price. The program seeks to increase access to affordable housing, funded by the American Rescue Plan Act.

The Peoria City Council has approved an ordinance to establish a city-managed land bank, a tool that assistant director of community development Joe Dulin said directly addresses the issue of neighborhood blight.