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I called them yesterday and they said the application for this program should open early fall. I will be applying for this even though I was accepted to a top 10 school. My end game is to work for SNL or a late night talk show. This is perfect since The Second City is involved and that's one of the theaters those shows recruit from. I'll update my progress through the application process.
Also note: The website says if you put in your housing application before May 1st, 201x, you will be guaranteed housing later that year. This includes grad students as well as undergrad.