April 2015

Please Join us!



The Village of East Alton,

Rise Community Development


Southwestern Illinois Development Authority (SWIDA)

cordially invite you to the Ribbon Cutting and Grand

Opening Ceremony of Emerald Ridge


Monday, April 20, 2015


The event opens at 12:30 p.m., ceremony 

begins at 1 p.m., followed by home tours.

Food and Beverages will be provided.


Keasler Recreation Complex

615 3rd Street

East Alton, IL 62024


Please RSVP to Larry Perlmutter 314.333.7008 or larry @risestl.org


In partnership with SWIDA, the Village of East Alton and Madison County, Rise Community Development has developed 46 new single-family homes in East Alton, Illinois.  This site consists of 34 single-story and 12 two-story single-family detached homes.  The redevelopment replaces 80 obsolete housing units in the area and many of the new homes will be occupied by existing neighborhood residents.





Goals of the Development:
* Develop new homes in line with the Village of East Alton's vision for a redeveloped Defense Area

* Create a strong sense of community by surrounding the existing park and recreation center with new, attractive homes

* Provide sustainable, energy-efficient, universally-designed workforce housing for families in East Alton

* Make infrastructure improvements such as new sidewalks to better connect the area with surrounding amenities such as schools and shopping options





All homes will be affordable to families earning 60% of the Area Median Income (exact income varies by family size).  Nearly two-thirds (63%) of the population of East Alton will meet the income eligibility requirement.
23 two-plus bedroom homes @$575/month
11 three-bedroom homes @$625/month
12 four-bedroom homes @735/month






Village of East Alton
*Planning & Facilitation

*Development Partner

Madison County

IHDA (Illinois Housing Development Authority)
*Allocator of Federal Low Income Housing Tax Credits & Illinois Affordable Housing Tax Credits

IDCEO (Illinois Dept. of Commerce & Economic Opportunity)
*Green Building Grant

PNC Multifamily Capital

PNC Bank

Altman Charter
*General Contractor

St. Louis Design Alliance






James Nations, Chair

Reggie Sparks

Barbara Johnson

Khalil El-Amin

Jim Sullivan

Dave Willey

David Miller

Kennard Tucker

John Hipskind

Kevin Kaufhold

Greg Kuehnel

Edie Koch

Joseph Gray


Mike Lundy, Exec Dir

Joe Gasparich

Teri Rumsey

Contact Us

Southwestern Illinois Development Authority

1022 Eastport Plaza Dr

Collinsville, Illinois



(618) 345-3400

Email: info@swida.org



Did you know...

SWIDA has issued $1.2 Billion in Bonds.

If you would like to be added to our mailing list or have a topic suggestion for our newsletter, please let us know.