Update On Attainable Housing in Glen Ellyn

Congratulations to the Village of Glen Ellyn, President Senak and the Village Board of Trustees on the unanimous decision to move forward with attainable and supportive housing in Glen Ellyn.

Roosevelt Road Hotel Properties
On Monday, February 26, 2024, the Village Board voted unanimously to approve a Purchase and Sale Agreement for $1.75 million with Full Circle Communities (FCC).  The Agreement includes the three western parcels of the Roosevelt Road/Taft Avenue hotel site fronting Taft Avenue.  FCC is a non-profit affordable housing developer and property manager that provides significant and targeted supportive services to its residents and community.

Under the terms of the Agreement, FCC proposes to build up to 42 dwelling units to serve individuals and households earning eighty percent (80%) or less of the area median income. The Agreement requires Full Circle to preserve no less than thirty percent (30%) of the dwelling units as permanent supportive housing for persons with disabilities and to provide waitlist preference to persons with disabilities for all units. In addition, as part of the Agreement, Full Circle will work with the adjacent Glen Ellyn Animal Hospital on a shared parking arrangement. Full Circle has until May 1, 2025, to close on the property.

“What we are contemplating is not only transformational, it’s generational,” said Village President Mark Senak. “Families will now have a chance to stay close to each other. Young adults who would have been forced to move miles away to find a place to live will now have a chance to stay in the community where their family and friends live, where they grew up, where they go to school, and where many of them work.”

The Village originally purchased the property in January 2022, for $2.85 million. For the remaining parcels, including the portion fronting Roosevelt Road, the Village has signed a Letter of Intent (LOI) with the adjacent commercial property owner to sell the property for $1.5 million. The intent is to develop the site to align with the neighboring commercial properties.

“The Village is pleased that we have found two developers willing to pay fair market value,” said Village Manager Mark Franz. “This will allow us to recoup the Village’s acquisition costs and see a return on investment in the long term.”