GC Housing Development LLC (GCHD), an affiliate of Crane Construction Company LLC, and The Burton Foundation say construction has started at Anthony Place Yorkville Senior Apartments, a two-story development at 1050 Freemont St. at Walnut St. in Yorkville.
A groundbreaking ceremony was held on June 30. Construction is expected to be completed in March 2018. When completed, the property will be named after Anthony Grande, the father of Ralph Grande, co-developer of Anthony Place Yorkville Senior Apartments, who died in 2014.
Anthony Place Yorkville will have 50 units of affordable senior housing plus one live-in manager’s unit: 33 one-bedroom and 17 two-bedroom units. Ten 10 units will be for those making 30 percent or below AMI (area median income). Eight of those 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 (SRN). Five units will be for those making 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.
Jeffrey D. Crane, principal at GC Housing Development LLC and president of Crane Construction Company LLC, says this project demonstrates the ability of private developers and public institutions to work together in finding solutions that best serve senior citizens, a largely underserved population.