Highland, Granite City Housing Developments Approved for Funding

By on July 13, 2018

From The Edwardsville Intelligencer:  Housing developments in Granite City and Highland were approved for approximately $1 million in federal HOME funds administered by Madison County Community Development.

The action came at Monday’s Grants Committee meeting.

Also approved was a resolution expanding the Gateway Commerce Center Enterprise Zone to include three acres in Pontoon Beach for the development of a new hotel.

The committee had approximately $1 million in HOME funding that could be given to two separate projects. Approved was funding for Edison Lofts, the transformation of the old YMCA in downtown Granite City to lofts; and Highland Villas, a senior citizen living center in Highland.

The selection had been the subject of a heated special meeting, in which supporters and opponents of a third project, Communities of Sunnybrook, fought.

The Granite City project was the highest scoring at 74, followed by the Highland project at 68. The Alton project scored 45.

The only discussion about the projects at Monday’s meeting was by Committee Member Ann Gorman, D-Edwardsville, who questioned the Highland project because it was a $400,000 “zero” percent loan.

She asked if that was common, and was told by Madison County Community Development officials that it was not, but would sometimes occur.

Also approved was a resolution to expand the Gateway Enterprise Zone to include three acres near the Pontoon Beach Village Hall for the construction of a Holiday Inn Express and Suites by Pravin Patel.

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