MACHESNEY PARK — A 5-acre plot at the corner of Perryville Road and Vaughndale Drive could become a senior apartment complex under a plan moved forward by the village this month.
The plan calls for a three-story building at 7633 Perryville Road, which is roughly a block north of AMC Showplace 14, that would have 40 units for residents 55 and older.
The plan is dependent on Wisconsin-based Bear Development winning tax credits from the Illinois Housing Development Authority for affordable housing for lower-income seniors. A preliminary application was accepted and the full application is under state review, according to James Richter II, village administrator…