The Illinois Housing Development Authority has denied a request for Low Income Tax Credits for a proposed housing program in downtown Danville. Jaclyn Vinson, Executive Director of The Housing Authority of Danville, says the Authority remains committed to providing affordable housing options to residents of Danville and Vermilion County.
‘’We look forward to working with our local partners and other community stakeholders to determine how we might facilitate the development of quality affordable housing options in our community moving forward,’’ said Vinson.
The Housing Authority of Danville had earlier formed a non-profit group to apply for tax credits through the Illinois Housing Development Authority. Vinson had said they were optimistic about chances of getting $15-million dollars in new housing downtown. But the development depended on getting the tax credits which have been denied.
Vinson had noted earlier that there were other examples of housing in Vermilion County where the tax credit process was used. One of them is when the New Holland Apartments in downtown Danville were renovated. Another is the Prairie Meadows Development in Hoopeston.