Less Oswego SD 308 Impact Fees For Certain Housing Developments – WspyNews

With new senior housing developments coming to Oswego, the effect on Oswego School District 308 is different depending on the terminology used.

Age targeted and age restrictive housing are the two concepts. 

In age targeted, a developer is charged for village impact fees dropped into Oswego 308 funds. But in age restrictive housing, such as age 65 and older, there are no impact fees to the school district.

Oswego Trustee Kit Kuhrt sought an answer to the lack of impact fees for age restrictive housing. Oswego Village Administrator Dan DiSanto explained.

However, age-restrictive housing still pays property taxes to the school district. 

Four-story, 42 unit Deville Manor’s concept plan was approved unanimously by the Oswego Village Board Monday night.  The Ohio-based project on 2.27 acres at the northeast corner of Wiesbrook Drive and Fifth Street is age restricted housing for people 65 years old and over.

But what happens if age-restrictive housing development owners switch to age-targeted?

Oswego has an age-restricted community in the Steeplechase subdivision, Three Diamond Senior Living project along Orchard Road and Village Square planned behind the village hall. Redwood is an age-targeted community of age 50 and older at Orchard and Mill roads.  

Currently, the DeVille Manor project is waiting for state funding from tax credits for affordable housing projects from the Illinois Housing Development Authority.

The property is currently zoned B-2 Community Shopping District, and the Comprehensive Plan identifies a “Mix Commercial” use for the property. The Oswego Plan Commission also approved the concept plan. 

A concept plan is not the final approval step for construction. 

You can listen to Mark Harrington’s radio story by clicking below: