All Housing Content

All Housing Content

Champaign council approves raising development fees

CHAMPAIGN – Despite outspoken opposition from local developers, the city council voted this week to raise development fees by an average of 25 percent to 30 percent.

The increases will take effect June 1 and will generate an additional $168,000 annually for the city.

Burnham 310 contractors report difficulty getting paid

CHAMPAIGN – After a wait of several months, Bacon & Van Buskirk finally got paid for the glass work the company did last fall on the Burnham 310 apartment project.

But an Urbana concrete company hasn't been as lucky.

Bank files complaint for foreclosure and sale of Inman Plaza

CHAMPAIGN – A foreclosure complaint has been filed against the owners of the Inman Plaza in downtown Champaign, seeking sale of the property.

Lincolnwood-based Brickyard Bank filed suit against Avigdor "Victor" Horowitz, Ahuva Horowitz, Inman Plaza Inc. and Champaign Plaza LLC in Champaign County Circuit Court in March, claiming the defendants defaulted on a promissory note.

Foreclosure regulations for tenants vary with circumstances

CHAMPAIGN – Tenants of properties that are foreclosed on generally have at least seven months – and probably longer – before they might have to move, an attorney for the Land of Lincoln Legal Assistance Foundation said.

Karen Hsu said she couldn't speak about the specific circumstances faced by residents of The Inman retirement center in downtown Champaign, since she wasn't familiar with the foreclosure complaint against the owners.

Local builders see signs of turnaround in C-U housing

New home construction plunged in the Champaign-Urbana area during 2008, but some local builders say they think the worst is over.

Low interest rates, a new $8,000 federal tax credit for first-time homebuyers and some lower-priced home models are attracting potential buyers to open houses – though many are still hesitant to pull the trigger, they say.

Harwal owner says Danville hampering loan prospects

DANVILLE – An individual has an interest in buying the dilapidated, vacant Harwal Hotel and renovating the building, according to one city official, but the current owner has his own plans to renovate the historic structure for low-income housing.

Mayor Scott Eisenhauer declined to name the individual who wants to buy the Harwal or disclose the person's plans for the four-story brick building at 101 W. Harrison St., which has been empty since 2007.

Millions of stimulus dollars on way for public housing help

URBANA – Another piece of the economic stimulus pie is on its way to East Central Illinois – more than $4 million for housing initiatives.

The Champaign County Housing Authority will get an extra $1.42 million in capital funds to modernize its public housing stock, and the Danville Housing Authority will receive more than $1 million, according to figures supplied by the U.S. Department of Housing and Urban Development. The money could be available starting in April, officials said.

4 area communities net federal grants

Four area communities will share $688,000 in federal grants to combat blight and improve neighborhoods as part of the economic stimulus package.

The American Recovery and Investment Act includes $1 billion in Community Development Block Grants for 1,200 state and local governments nationwide, according to the Department of Housing and Urban Development.

Some in Danville upset over paying bills on vacant houses

DANVILLE - John Cunningham has been trying to sell a house on Nicklaus Street in Danville for about eight months.

The house is vacant, but as of Jan. 1, Cunningham must pay monthly garbage and sewer fees totaling $34.25 even though no one is living there.

Hoopeston grants TIF assistance to housing project

HOOPESTON – Hoopeston city officials agreed to give an affordable housing project $400,000 in financial assistance for infrastructure improvements to help build 25 single-family, two- and three-bedroom houses near Hoopeston Area High School.

The council voted 6-1 with one council member absent to give the housing project developers $400,000 from the city's tax-increment-financing fund, which is property-tax money that flows into city coffers from tax increment financing districts that have been set up within the city. Bill Goodwine voted against the project, and Brandon Hamilton was the council member who was absent.