Champaign County Board authorizes rental-housing developer agreement for Parker Glenn 2; $700,000 in county ARPA-derived funds to help close funding gap

The Champaign County Board on May 13 adopted an ordinance authorizing execution of a rental housing developer agreement and a regulatory and land-use restriction agreement for The Parker Glenn 2 affordable housing development.

The ordinance (recorded as Ordinance No. 2025-8 in the meeting packet) passed after a staff presentation and extended questioning by board members. The board recorded a motion by Jenny, a second by Eric, and approved the ordinance by voice vote.

County staff and consultants told the board the project faces a roughly $750,000 funding gap. The funding package presented to the board splits that gap as $700,000 to come from RPC-managed ARPA funds held by the county and $50,000 from the City of Champaign Home Loan program through the Home Consortium. A county staff member explained, "The 700,000 would be coming from RPC and 50, I believe, would be from the city of Champaign." The project is located in the city of Champaign/Urbana and is intended as an affordable housing phase following a Phase One already completed in the area.

Co…