Redevelopment Incentive Program

Description:
The City of Champaign offers the Redevelopment Incentive Program for Downtown & East University Avenue. Here are details about the program from the City of Champaign website:

The Redevelopment Incentive Program (RIP) provides assistance for permanent building improvements, encouragement of residential development, and design work for new structures within the Downtown and East University Avenue Tax Increment Finance (TIF) Districts. This program is open to all properties that fall within either TIF district. This program is open on a first come basis with new funding provided each fiscal year (June 1st). Interested applicants forward their completed application to the Planning Department.

For more information contact:
Redevelopment Incentive Program Administrator
Email: terry.blakeman@ci.champaign.il.us
Phone: 217/403–8800

Mail completed applications to:
Champaign Planning Department
102 N. Neil Street, Third Floor
Champaign, IL 61820

• Minor Facade and Code Improvements
  Minor Redevelopment Incentive Program
• Major Building Renovations
  Major Redevelopment Incentive Program
• Addition or Renovation of Residential Units
  Residential Redevelopment Incentive Program
• Building on Vacant Land
  New Construction Assistance Program
• Apply to All RIP Projects
  Downtown & East University Design Guidelines

Source: City of Champaign
Date Last Revisited: 5/14/07