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Special housing committee updates council on neighborhood assessment and low-income-housing opportunities
Summary
A special committee reported progress on a neighborhood assessment and heard Livingston County Housing Authority counsel explain low-income housing tax credits and a local example; the committee expects the assessment to produce a roadmap for potential rehab and development projects and said final documents may take months to complete.
Committee chair Mike (last name not provided) told the council the special housing committee met April 1 with members including Alderman Cranford, Alderwoman Howard, Mayor Albee and representatives from the Livingston County Housing Authority. The committee heard a presentation by LCHA attorney Eric Hansen on how low-income housing tax credits (LIHTC) are obtained and used; Hansen cited Saint James Place as an example that produced 26 units and maintains full occupancy in Pontiac.
Committee members discussed a neighborhood assessment being prepared by the Illinois Housing Development Authority that the committee expects to serve as a roadmap for identifying areas suitable for rehabilitation, infill single-family development on vacant lots, and grant-seeking. Staff said the assessment will identify target neighborhoods, quantify needs (roofing, siding, infrastructure) and help shape grant applications and potential developer interest; the final report could take several months to assemble after IHDA completes its work. The committee described the effort as exploratory and said it will present an overview of findings to the council for consensus before pursuing specific projects or developers.
