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COUCH began in 1997 as an umbrella organization for the independent housing co-ops in the Champaign–Urbana area, but was also founded with the vision of creating a larger co-op community to advance co-oping, establish community, and achieve economies of scale within the co-op community. It currently consists of three houses:
The Authority continues to serve as the secondary financier for many developments and redevelopments of Illinois multifamily residential housing. [3] During the COVID-19 pandemic, IHDA became the State of Illinois agency of standing in the implementation of nationwide housing assistance for persons seeking emergency assistance with rental payments.
Some co-ops are subsidized housing because they receive government funding to support a rent-geared-to-income program for low-income residents. There are other co-ops that are market-rate and limited equity, these types of cooperatives do not receive government funding and are not subsidized housing. [2]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Two Springfield area elderly assistance locations have been listed for sale according to their parent company, Christian Horizons. The St. Louis-based senior housing company, which operates and ...
Champaign Township is a township in Champaign County, Illinois, USA. As of the 2020 census, its population was 11,264 and it contained 5,091 housing units. As of the 2020 census, its population was 11,264 and it contained 5,091 housing units.
The University of Illinois at Urbana-Champaign purchased Newman House from the St. John's Catholic Newman Center in 2008 to make room for a new parking lot. The existing structure of Newman House needed renovation, and the sale of the property was deemed to be in the best interests of the Newman Center.
The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.