Minority, Disadvantage and Section 3
The Housing Authority of Champaign County has a statutory goal under its Moving to Work designation to expand housing choice. To meet this goal, HACC has embarked on an aggressive schedule to increase the number of affordable housing units developed and owned by HACC or its affiliates throughout Champaign County and in underserved rural communities of Illinois.
Bridges Enhancing Capacity (BEC) will expand opportunities for Minority and Disadvantaged Business Enterprises and Section 3 Businesses to participate in HACC construction projects. Under the program, HACC will provide short term bridge loans to meet capital needs necessary to successfully comply with the initial 60-day construction period for the applicable trade.
HACC construction projects include all new and substantial rehabilitation construction work to be completed on a property owned directly or indirectly by HACC, or in which HACC or its affiliates have material participation in the project. Eligible subcontractors may apply to HACC for a bridge loan at the time the General Contractor confirms to HACC that they are the preferred subcontractor for the applicable trade.
Please click here to read the BEC Program in its entirety.
To apply for the BEC program, please click here.