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City incentives brings more housing and job opportunities to Mt. Sterling

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MOUNT STERLING, Ill. (WGEM) -- Old buildings in Mount Sterling, Illinois are getting a new look as the city's 12-year Uptown Long-Range Strategic Plan moves forward to bring more development to the city.

LCR Real Estate Owner Cindy Reich and her husband are making use of the city's Facade Grant Program to revitalize the outside of an old building that sits along Main Street in Mount Sterling, leaving more money in their pockets to also do inside renovations.

"We seen the opportunity of this building being empty and there's incentives in our community that help," Reich said.

City Administrator Vada Yingling said the grant will reimburse them a percentage of the money spent on enhancements to the exterior of the front of the building.

"So if a building owner had an investment of $100-thousand, they would receive $70-thousand of their project and the and their investment would be the remaining $25-thousand."

Yingling said it's developments like this that provide a solution to the city's low housing stock.

"We've needed housing for the past 25 or 30 years. All types of housing whether it's single family homes, duplexes, apartments and what have you. We just don't have enough," Yingling said.

She said it could also introduce a business that brings in tax revenue and keep dollars spent local.

"It keeps people in town to spend their dollars rather than travel. We have had for years, for the last 40 or 50 years, a lot of dollars leap into the surrounding community," Yingling said.

Yingling said phase three of the city's Uptown Long-Range Strategic Plan is over the course of three years dating back to 2020.

She said they still have Facade Grant Funding from phase two available for qualified applicants.

Call (217) 773-2513 to apply for the grant.

Charity Bell

Multimedia Journalist at WGEM

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