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Hanover Park to review senior housing plan

Hanover Park village trustees will hear a concept today for what would be the village's first senior housing development at 900 Irving Park Road.

Aman Living is proposing an 11-acre development that includes 47 ranch townhouses, 102 condominium units, a clubhouse with meal plans and 9,000 square feet of retail space.

A study from Chicago Metropolitan Agency for Planning and Teska Associates presented to the village board in September suggested Hanover Park could use more senior housing options that would allow residents to continue to live in their home community.

Without any senior-specific options, residents look outside of Hanover Park for senior living options.

"This would not only attract people to Hanover Park, but it would also help our existing residents to age in place," Hanover Park Director of Community and Economic Development Shubhra Govind said. "What we've heard from residents is that they'd like to see a senior housing development with good amenities."

But due to a funding gap in Aman Living's plans, the developer is looking for $5 million in tax increment financing dollars, $2 million of which it would need before the project is complete. The proposed site is in Hanover Park TIF District No. 5.

Village staff will ask for the board's approval to hire a consultant to review the developer's TIF application, Govind said. In a TIF district, additional property tax money from development can be used to pay for public or private improvements that are part of the project.

If the board gives the go-ahead, a consultant will review the developer's figures, and eventually, Aman Living will have to submit a formal plan to the board for trustees to vote on.

Village staff and trustees have been looking into senior housing development on the land, previously home to a Menards that moved in 2008, for several years.

Another developer presented concept plans for a senior housing development on the land a couple of years ago, Govind said, but didn't move forward with the plan due to funding issues. Govind said that developer did not apply for TIF money.

The land is zoned for business and would need to be rezoned as a multifamily planned unit development.

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