City Accepting Pre-Applications for New Housing Repair Program
From March 25 through March 29, 2024, eligible Champaign homeowners can pre-apply for the City of Champaign’s new Vital Home Repair Program, which could pay for up to $60,000 of improvements to the resident’s home at no cost to the homeowner. The Vital Home Repair Program provides forgivable deferred payment loans to eligible applicants needing […]
Neighborhood Services Applies for IHDA Strong Communities Grant
Neighborhood Services staff members worked hard preparing an application to the Illinois Housing Development Authority (IHDA) Strong Communities Program (SCP), that was due June 7, 2023. This program funds local municipalities to help address affordable housing needs and community revitalization efforts. Consideration of these funds will aid in returning several vacant residential properties in Champaign […]
IHDA Homeownership Programs
The Illinois Housing Development Authority (IHDA) gave a presentation to City staff and partners at the monthly meeting of the Community Reinvestment Group. Javier Gamucio, IHDA’s Director of Homeownership, presented information on IHDA’s housing down payment assistance programs. IHDA currently offers five mortgage products that offer down payment, closing cost assistance and 30-year fixed rate […]
Low-Income Housing Tax Credits Awarded to Bristol Place Redevelopment
The City of Champaign is pleased to announce that earlier today the Illinois Housing Development Authority awarded Oak Grove Development Corporation (an affiliate of the Housing Authority of Champaign County), in partnership with the City of Champaign and AHDVS, LLC, low-income housing tax credits for the Bristol Place redevelopment project. The tax credits were awarded […]
Bristol Place Master Developer Submits Pre-application for Redevelopment
On behalf of the Bristol Place redevelopment partners, AHDVS, LLC, submitted to the Illinois Housing Development Authority (IHDA) a pre-application for the 9% low income housing tax credits (LIHTC). LIHTC provides the majority of funding for affordable housing rental developments across the nation and the 9% tax credits are highly competitive. IHDA will review the […]