The Greenville City Council will meet in special session tonight at 7:00 p.m. at City Hall. One of the items on the agenda is consideration of the request from Windsor Homes and the Bond County Housing Authority to extend College Avenue past Idler Lane to a proposed new subdivision.
Windsor Homes President Mike Niehaus told WGEL the proposed subdivision needs approval from the Illinois Housing Development Authority, or IHDA, and the application will be submitted by the end of July. It was noted at the last city council meeting that if the city participates in supporting the subdivision, the application is scored higher by the state.
The 40 homes in the subdivision would be income-based and only available for rent for the first 15 years. The homes could possibly be sold after those 15 years or continue as rental housing. The property taxes paid on the homes would be much less than comparable homes of the same size and value.
Niehaus said if approval is given, construction could start as early as summer 2015 and all 40 homes would be built at once.