Nonprofit Removes Application to Buy Peoria Apartments
PEORIA, Ill. (WMBD) – Integrity Housing, a Colorado-based nonprofit developer of multi-family housing, has withdrawn its application to purchase Peoria’s Prairie Vista apartments.
The news comes from Peoria City Councilman Denis Cyr, who represents Peoria’s 5th District. In a Facebook updatehe said the public meeting scheduled to discuss the sale of the apartment complex had been canceled as a result.
Peoria officials previously reported that the nonprofit developer planned to buy the apartment complex for $45 million.
WMBD will speak with Councilman Cyr later Monday afternoon regarding the update.
This story will be updated as new information becomes available.