PEORIA, Ill. -– The Illinois Housing Development Authority (IHDA) announced an Abandoned Property Program grant of $55,000 to the City of Peoria Community Development Department on Thursday.
The funds will be used for demolition of abandoned residential structures in the 61605 zip code in the city. Since 2015, the department has been awarded over $385,000 in IHDA’s Abandoned Property Program funds for demolition.
“The demolition of blighted properties reduces crime and arson, increases the value of surrounding properties, and demonstrates a commitment to make our neighborhoods a better place to live,” First District Councilwoman Denise Moore said.
Before each house is demolished, the Community Development staff will evaluate the house for the potential of rehabilitation instead of demolition. Most houses that have demolition orders have no plumbing, electrical, or HVAC systems intact.
“Each year, because we’ve been awarded through this, we can take down eight or nine more properties,” said Joe Dulin, Assistant Director for the Peoria Community Development Department. “The average demolition cost for a property that doesn’t have Asbestos can range anywhere from $8,000-$15,000 depending on the size of the structure.”
The Community Development Department currently has $450,000 budgeted for residential demolitions in Peoria.