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Local

St. Charles wants affordable housing tax credits for developer

ST. CHARLES – The City Council continues to support a developer’s pursuit of tax credits for an affordable senior housing project on the city’s southwest side.

GC Housing Development is seeking the tax credits to build Anthony Place, the senior affordable housing component of the Prairie Centre apartment complex under construction on Route 38 just east of Randall Road.

GC Housing is developing Prairie Centre for the Shodeen Group. The city is requiring that 10 percent of Prairie Centre’s planned 670 residential units be affordable housing.

The developer applied earlier this year for the affordable housing tax credits through the Illinois Housing Development Authority. The application currently is proceeding through the state approval process.

On Aug. 20, the City Council decided to request a Certificate of Necessity from the Illinois Department of Commerce and Opportunity, which would enhance the developer’s eligibility for the tax credits. The certificate would allow the city to enter into an intergovernmental agreement it approved earlier this year with the Housing Authority of Elgin. Under the agreement, many Anthony Place residents would pay just 30 percent of their income toward rent and utilities, with the housing authority covering the remaining balance.

GC Housing had applied for the tax credits in 2017 for Anthony Place after the city approved the Prairie Centre project plan. However, the application did not advance past the first round of review because of a competing project already under construction in Batavia.

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