Vermilion County Land Bank Authority to Receive $300,000 Community Improvement Grant

State Representative Chad Hays (R-Catlin) announced this week that Vermilion County’s Land Bank Authority will receive a $300,000 grant to assist with the revitalization of vacant, abandoned or foreclosed properties throughout the county.

Land banks are public or community-owned entities created to assist with community revitalization projects, and the grant, awarded through the Illinois Housing Development Authority’s (IHDA) Land and Capacity Program and Technical Assistance Network, reimburses costs associated with improvement projects. “The Authority received a great number of applications, and I’m thrilled to know that $300,000 of the total $1.8 million in awards is coming right here to Vermilion County,” said Hays. “Vermilion County Board Chairman Mike Marron and Vermilion county Land Bank Authority Chairman Patrick O’Shaughnessy are to be commended for their efforts in securing this large grant for the county’s revitalization efforts. Their joint leadership in seeking this money has led to 17% of the entire outlay of grants being awarded for our local use here in Vermilion County.”

Hays also thanked State Senator Scott Bennett for his partnership in coordinating efforts with the IHDA to help secure the grant.

According to Hays, the grant money will be awarded as reimbursement for funds expended for community revitalization projects. “After the activity is completed and the funds have been expended, expenses will be reported to IHDA and eligible expenses will be reimbursed,” Hays said. “Upon learning of this grant, Mr. Marron, Mr. O’Shaughnessy and others went straight to work to maximize opportunities in Vermilion County.

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