After a long road to redevelopment, NEF syndicated Bristol Place is finally coming into its own. Bristol filled its 90 units back in October, the neighborhood’s park has reopened and the future is looking bright for the development and its residents.
The $23 million redevelopment was approved for Low Income Housing Tax Credits (LIHTC) in September 2017 after the city of Champaign had spent years working to redevelop the property. Construction began in November 2018, and the development began accepting tenants in early 2020.
The neighborhood consists of 64 single-family homes and 26 townhouses, as well as a park and clubhouse named after local civil rights activist John Lee Johnson. Developer Affordable Housing Developers/Consultants, LLC (AHDVS) plans to continue the redevelopment with a second phase that will add an apartment complex for seniors.
Jim Roberts of AHDVS, LLC said of Bristol Place, “It’s a great value added to the community. I think it’s come a long way.”