Housing authority to file tax credit application

DANVILLE – The Housing Authority of the City of Danville will file its full application today with the Illinois Housing Development Authority for tax credits for mixed income housing sites in the downtown area.

One site, however, is not in the proposal anymore — the parking lot at Walnut and Harrison streets.

The proposal now includes 64 units instead of 70, said Jaclyn Vinson, HACD executive director.

“We changed the initial proposed development to be more reflective of comments received during the community dialogue ...,” Vinson said.

She said the one parking lot site was removed in direct response to concerns. She said the main concerns pertained to the impact on parking in the downtown area. Vinson said there will be no planned development on that parking lot site.

The parking lot at Harrison and Walnut streets is used for events such as the Night of Lights Parade and events at the Fischer Theatre.

Vinson said she felt there was majority support from the community on the overall housing project, with exception to the one parking lot site. Some other concerns related to spreading housing to other neighborhoods instead of just downtown, density of some of the housing developments and keeping downtown for more commercial development.

Today was the deadline for the HACD to apply for tax credits with the IHDA through its Low Income Housing Tax Credit Program for the proposed housing developments downtown.

The HACD already received conditional approval for a pre-application for the proposed development in November. The application passed the first round of screening, Vinson said.

She said it’s not 100 percent the full application will be approved, but “it’s a good sign” that IHDA “sees merit in new affordable housing.”

Vinson said IHDA will consider the proposed housing development changes as significant amendments. She said the unit changes came about, however, due to community concerns. They then discussed the sites again with their developer consultant.

Vinson said they’ve already filed paperwork too with the state for a non-profit called Vermilion Housing Coalition to oversee the units with the HACD’s commissioners to serve as the non-profit’s board members.

Vinson said they can’t change the IHDA tax credit application more than 10 percent, so they decided to change the number of units on the remaining proposed properties in submitting the full application.

Removing the parking lot at Harrison and Walnut streets eliminated 26 units.

All other sites were kept, changing the unit mixes as close as possible to the original proposal: 26 units at 33 N. Hazel St. on a parking lot donated by First Midwest Bank to the housing authority; four units at 133 N. Hazel St. which is a vacant lot owned by the city north of the Danville Mass Transit bus transportation center; 10 single-family units in the 300 block of Oak Street on land owned by the city and Crosspoint Human Services; eight units at 402 N. Hazel St., vacant land owned by the city where the former city hall was; and 16 units at 409 N. Hazel St., vacant land behind Churchhill Towers which is partially city and housing authority owned.

There will be four one-bedroom stacked flats/townhomes; 20 two-bedroom apartments; eight two-bedroom stacked flats/townhomes with garages; 22 three-bedroom apartments; and 10 three-bedroom, single-family homes with garages.

Vinson said they will be working on getting final architectural renderings.

Even with the fewer units, the project still is estimated to cost around $15 million as was originally proposed.

The housing authority is expected to find out in May on the tax credit application. The applications go before the IHDA board May 17.

Between now and then, Vinson will be talking with the Danville City Council’s Public Services and Public Works committees prior to the full city council to ask the aldermen to consider via vote for the commitment of the proposed city-owned sites for the project, contingent on the tax credits being awarded.

Vinson also has said this is not U.S. Department of Housing and Urban Development public housing.

Rents for these units would range from about $330 to $450 for a one-bedroom to about $970 for a three-bedroom. Twenty percent of the units would be market rate, 60 percent of the housing would be for persons making 60 percent of the area median income and the other 20 percent of units would be persons at 30 percent of the median income.

Vinson said if tenants lose their jobs, they are still required to pay the rent, unlike public housing.

Recommended for you