The development team of Miller-Valentine Group recently announced the award of funding for the construction of Morton Estates; the funding award is from the Illinois Housing Development Authority (IHDA) through its Affordable Housing Tax Credit Program.
Morton Estates, located at 935 East Jefferson Street, will serve adults 55 and over who desire quality affordable housing. The development will involve the renovation and adaptive reuse of the former Restmor Nursing Home. The community will include a mix of 61 one- and two-bedroom apartment homes complete with energy-efficient features and a multitude of amenities normally found in luxury communities. Rents, however, will be set at affordable rates.
Morton Estates will be the first tax credit development in The Village of Morton specifically for adults 55 and over. Plans for the development have received broad community support including that of Mayor Ronald Rainson, the Board of Trustees, as well as a variety of non-profit and government agencies in Tazewell County.
“The level of community support this project has received is truly amazing,” stated Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development. “We’re enthusiastic and privileged to serve The Village of Morton and prove to them that our passion is to positively impact their lives.”
The project began in July 2015 with completion slated for summer 2016. The community will include on-site management, a community room for resident events and entertainment, a business center with computer workstations, as well as outdoor recreational areas. Additionally, supportive and veterans services will be provided by METEC and AMVETS respectively.
For further information on the development of Morton Estates, please contact our Leasing Professional, David Perkins, via email at [email protected].