Highland Green Opens in Urbana
Highland Green, located at 401 and 403 East Kerr Avenue, will host a grand opening celebration on Monday, December 11th at 12 p.m. A project of Brinshore Development, LLC, of Northbrook, Illinois, in partnership with the Homestead Corporation of Champaign-Urbana and the Housing Authority of Champaign County, Highland Green consists of 33 newly constructed sustainable and affordable residential rental units. The development includes a mix of single-family and duplex units built on land donated by the City of Urbana. Nine of the units are set aside for income-qualifying veterans and their families.
Although work on Highland Green began in November 2016, the project has been many years in the making, starting with the purchase of the 3.1-acre site on Kerr Avenue during 2003-2004. Developing the site was part of the 2005 Mayor and City Council Goals and the 2008 Master Plan Report. In 2011, the City issued a Request for Proposals in search of a developer for the site and ultimately selected the submission from Brinshore Development, LLC and their partners.
The developer obtained Low Income Housing Tax Credit in the amount of $522,535 from the Illinois Housing Development Authority, which resulted in over $5 million in equity for the project. The City of Urbana also donated the lot to the developer in addition to committing $500,000 of gap financing through the Federal HOME Investment Partnerships and Community Development Block Grant programs.
“Highland Green will provide much needed affordable housing for working families and veterans in the Community,” said Kelly H. Mierkowski, Manager for the Grants Management Division. The Highland Green property is surrounded by expansive green spaces, and adjoins Crystal View Townhomes, which also is a Brinshore development.
For information contact Matt Rejc, Community Development Specialist at (217) 384-2306 or email@example.com.