Okpara LP
Okpara LP is a housing partnership dedicated to revitalizing neighborhoods in Peoria, Illinois, through the Peoria Affordable Housing Initiative. The initiative has successfully constructed 140 single-family homes, providing affordable housing options for families with incomes not exceeding 60% of the median income for Peoria County.
With a commitment to community development, Okpara LP allows occupants to purchase their homes after a mandatory fifteen-year ownership period, ensuring long-term stability and investment in the Southside. The project is supported by the Low-Income Housing Tax Credit program, facilitating homeownership through significant equity contributions and strict underwriting guidelines.
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