The Illinois Housing Development Authority (IDHA) and Gundaker Commercial Group celebrated the opening of Wingate Manor, a state-funded affordable housing development for low-income seniors in Shiloh, Illinois. Wingate Manor, a 48-unit project, is part of a two-phase, master-planned senior community spanning 172 acres and was named Green Affordable Multifamily Project of the Year by the National Association of Home Builders (NAHB).
The Illinois Housing Development Authority (IHDA) invested $1.8 million in HOME Investment Partnership funds and more than $586,000 in federal Low Income Housing Tax Credits to build Wingate Manor. The tax credits helped leverage an additional $4.9 million in private equity and additional funding came from the Bank of America and St. Clair County.
“Governor Quinn and IHDA are proud to have played a significant financial role in creating new affordable housing options for seniors in the St. Clair County area,” said IHDA Executive Director Materre. “Wingate Manor will benefit its senior residents, the community and the environment.”
“This facility is a great example of green building done right while also done affordably,” said Eric Borsting, chair of the NAHB Green Building Subcommittee. “This should be an example for multifamily builders everywhere to look to when constructing energy-efficient and earth friendly housing in their own communities.”