DEVELOPER INFO:
The Burton Foundation, a charitable, tax-exempt, 501(c)(3) organization, creates and preserves high-quality affordable housing for families and senior residents of low and moderate income levels. The Burton Foundation assists families in finding safe, secure, and affordable housing through participation in partnerships and management activities. It is also a philanthropic organization which builds permanent charitable capital through donations, grants, aid, and low-income interest loans to the poor for housing and health needs.
PROJECT INFO:
Marison Mills, nestled along the Fox River, is a new construction 3-story elderly building with 70 units and ample parking available for seniors 55 and older. The 1 and 2 bedroom units are offered at 30% area median income (AMI), 50% AMI, 60% AMI, as well as a few unrestricted units. The building offers a fitness center, library, and multimedia center for the residents. The building overlooks the Fox River and will have 3 tiers of gardens that will slant down towards the Fox River bike path, which is being extended just east of the River and west of the building. Marison Mills was requested by the Village of South Elgin after the successful supportive family companion project, Waters Edge, was completed. At Water’s Edge, The Burton Foundation was able to demonstrate the high demand and benefits of providing affordable housing in an opportunity-rich neighborhood.
Project Funding Sources:
Lightengale’s Role:
