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City of Urbana Awards Financial Services Contract to Eastern Illinois Economic Development Authority (September 2025)

City of Urbana logoCity of Urbana
Approved
Sep 23, 2025
Term
2024-2025 program year

The 30-second brief

What it covers

In the 2024-2025 period, Urbana ceded its Private Activity Bond Cap to the Eastern Illinois Economic Development Authority to expand the pool of capital available for affordable housing development and mortgage assistance. This financial arrangement leverages state-level financing tools for local projects.

Who holds it

Eastern Illinois Economic Development Authority holds this financial services contract with City of Urbana. Its other public contracts on record include work for City of Champaign and Town of Urbana.

What happens next

Term as filed: 2024-2025 program year.

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Contract details

Contract type
Financial Services
Document date
September 23, 2025
Term
2024-2025 program year
Vendor
Eastern Illinois Economic Development Authority
Agency
City of Urbana
Source document
city-of-urbana-community-development-commission-public-hearing-agenda_721.pdf (Agenda)

Eastern Illinois Economic Development Authority's other public contracts

City of Champaign, IllinoisCity Considers Ceding Bonding Authority to EIEDA · Apr 21, 2026UndisclosedTown of Urbana, IllinoisUrbana Transfers 2026 Bond Cap to EIEDA for Housing · Apr 12, 2026City of Urbana, IllinoisUrbana to allocate bond cap to Eastern Illinois EDA · Apr 6, 2026$2.7MCity of Gilman, IllinoisCity to Cede Bonding Authority to EIEDA · Feb 9, 2026UndisclosedCity of Gilman, IllinoisCity Cedes Bonding Authority to Regional EDA · Mar 10, 2025$221.1KAll Eastern Illinois Economic Development Authority contractsVendor profile

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Race Street Ventures LLCUrbana Considers Extending Race Street Ventures Project Deadline · Oct 5, 2026UndisclosedRace Street Ventures LLCUrbana Extends Race Street Ventures Project Deadline · Oct 5, 2026UndisclosedRace Street Ventures LLCUrbana Approves Redevelopment Agreement With Race Street Ventures · Oct 5, 2026Race Street Ventures LLCUrbana Recommends Second Race Street Ventures Extension · Oct 5, 2026UndisclosedRegional Planning CommissionCity Plans ADA Transition Plan Contract With RPC · Aug 18, 2026UndisclosedAll City of Urbana activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Urbana?

Eastern Illinois Economic Development Authority was awarded this financial services contract by City of Urbana, as recorded on September 23, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-urbana-community-development-commission-public-hearing-agenda_721.pdf (Agenda), dated September 23, 2025 from City of Urbana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Eastern Illinois Economic Development Authority hold?

Eastern Illinois Economic Development Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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