Project Funding Sources
Anthony Place Yorkville will be comprised of 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% or below AMI (area median income). Eight (8) of those ten (10) 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 (5) units will be for those making 50% or below AMI. The remaining 35 units will serve low-income seniors with incomes 60% or below AMI.
The United City of Yorkville has also established a Rental Assistance Fund for three (3) units where the City will pay the difference between 30% of the resident’s annual income and the annual established rent and any tenant-paid utilities for the residential unit.