Blight Reduction Program (BRP)
The Illinois Housing Development Authority (IHDA) is pleased to request applications for the Blight Reduction Program (BRP). The Blight Reduction Program was created in 2014 by IHDA under the Hardest Hit Fund Program funded through the Troubled Asset Relief Program, a U.S. Treasury managed resource dedicated to foreclosure prevention and neighborhood stabilization. BRP aims to decrease preventable foreclosures and stabilize neighborhoods, support partnerships between Illinois units of local government and their Not-For-Profit Partners, and provide funding to target blighted, vacant, residential properties in specific communities for demolition, greening, and eventual reuse, repurpose and/or redevelopment.
To be eligible, applicants must be an Illinois unit of local government and must partner with a not-for-profit developer or agency with demonstrated experience that pertains to BRP (demolition, greening, revitalization).
Funds may be used for acquisition, closing costs, demolition, greening, maintenance, and administrative expenses. Further detail may be found in the application.
IHDA requires that each Applicant and the Not-For Profit Partner request no less than $250,000 and/or identify no less than 10 proposed properties and at least 5 alternate properties to be assisted with BRP funding. Applications will be ranked according to criteria set forth in the application. The highest-ranking applications will be awarded until funds are exhausted.
Applications are available at:
Completed applications will be accepted until December 8, 2014 at 3:00pm CST. More information on the overall program, process, and eligibility can be found by visiting the BRP FAQ or by participating in one of a series of webinars IHDA will be hosting. Please stay tuned, or visit http://www.ihda.org/government/BRP.htm for further information. Please send all questions to HHFBRPinfo@ihda.org.