ST. LOUIS – Rise Community Development in partnership with the Southwestern Illinois Development Authority and the Village of East Alton will host a ribbon cutting and grand opening for the Emerald Ridge (formerly known as the “Defense Area”) development at 1:00 pm on April 20, 2015 at the Keasler Recreation Center, 615 3rd Street, East Alton, Il, 62024. The $15.9 million revitalization broke ground on Feb. 10, 2014.
Replacing 91 obsolete apartments, the redevelopment consists of 46 new single-family homes, with the majority of the homes occupied by existing neighborhood residents.
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“We’re pleased with the outcome of this development,” said Stephen Acree, President of Rise. “Emerald Ridge will help to strengthen this community and provide a better quality of life for the residents.”
Residents are enjoying reduced utility bills through energy efficient design and construction, including increased insulation, ENERGY STAR appliances, reflective roofing and high-efficiency systems.
The new single-family homes are affordable to families earning 60 percent of the Area Median Income, which includes nearly two-thirds of the residents of East Alton.
About Rise
Rise (www.risestl.org/) is a nonprofit community development organization that connects key public, private and nonprofit partners to revitalize communities and neighborhoods in the St. Louis area. Rise develops affordable and market-rate housing, particularly in neighborhoods with the potential to enhance economic diversity. Rise has assisted in the development of over 4,800 homes, bringing $665 million in redevelopment to area neighborhoods.
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