GC Housing Development LLC, an affiliate of Crane Construction Company LLC, and The Burton Foundation have announced that construction has started on Anthony Place Yorkville Senior Apartments, a two-story development at 1050 Freemont St., at the corner of Walnut Street, in Yorkville.
A ground-breaking ceremony took place June 30. Construction is expected to be completed in March 2018.
When completed, the property will be named after Anthony Grande, the beloved father of Ralph Grande, co-developer of Anthony Place Yorkville Senior Apartments, who passed away in 2014.
Anthony Place Yorkville will be comprised of 50 units of affordable senior housing plus one live-in manager’s unit: 33 one-bedroom and 17 two-bedroom units. Ten units will be for those earning 30 percent or below the AMI (area median income). Eight of those 10 units will serve low-income seniors with disabilities, those experiencing homelessness, or at risk of homelessness who are referred to the development via the Statewide Referral Network. Five units will be for those earning 50 percent or below AMI. The remaining 35 units will serve low-income seniors with incomes 60 percent or below AMI.
The United City of Yorkville has also established a rental assistance fund for three units where the city will pay the difference between 30 percent of the resident’s annual income and the annual established rent and any tenant-paid utilities for the residential unit.
Referring to the project, Audra Hamernik, executive director of the Illinois Housing Development Authority said, “These apartments will be a much-needed community resource that will help meet some of the demand for affordable senior apartments. They will be specially designed to best serve the needs of Yorkville households who wish to remain close to family and friends as their housing needs change. The entire development team did an outstanding job to make sure there will be more opportunities for attractive, safe and affordable apartments in Yorkville.”
“I’m very happy Anthony Place Yorkville has begun construction. We’re going to have high-quality, good affordable housing in the city. GC Housing Development, The Burton Foundation, and Crane Construction have been terrific partners throughout the entire process. I look forward to joining everyone at the grand opening when we can celebrate this terrific development,” said Yorkville Mayor Gary Golinski.