Public Announcements

 

Federal tax credits to support developments in Alton and Granite City

The Illinois Housing Development Authority Board of Directors has awarded more than $26.4 million in federal Low-Income Housing Tax Credits to fund 26 affordable housing developments, including two in Alton and Granite City.

The local projects include:

The Community of Sunnybrook (Alton): A new development offering 38 affordable apartments and two market-rate units for families just east of downtown Alton. Currently a vacant field, the property will soon feature 20 duplex buildings containing a mix of one-, two- and three-bedroom units. After 15 years, the developers will make the units available as opportunities for affordable homeownership.

Edison Avenue Lofts (Granite City): A historic rehabilitation of the former YMCA in downtown Granite City into a mixed-income, mixed-use apartment building offering 37 affordable units. Developed by Rise Community Development, the building is in a walkable section of downtown adjacent to a park, a new community theater, and a historic library.

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PO Box 4486 | Springfield, IL 62708 | 312.239.3625
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