River West

312 S Merriman St, Peoria, Illinois 61605

Contact River West

Colonel John Warner Homes was 433 units of distressed public housing that stood within sight of the Illinois River and the international corporate headquarters of the Caterpillar Company. Telesis planned and managed the comprehensive redevelopment of the mixed-income community that is known today as RiverWest.

Telesis designed a master plan for the neighborhood’s redevelopment that received a $16 million HOPE VI award and leveraged an additional $30 million in private and public investment. During construction, the project included a new job-training program through local unions to help Housing Authority residents access new jobs within walking distance of their homes.

The new RiverWest neighborhood, now some of Peoria’s best rental housing, is helping to generate renewal in Peoria’s downtown.

Eligibility for River West

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Peoria but actual income limits may differ for units at River West.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,650	$36,150	$40,650	$45,150	$48,800	$52,400	$56,000	$59,600
Low Income (60%)	$37,980	$43,380	$48,780	$54,180	$58,560	$62,880	$67,200	$71,520

River West Details

200 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.