Oak Park will help fund a feasibility study that will analyze how the YMCA building at the corner of Pleasant and Marion streets can be turned into a multi-use facility.
The Y will pay $3,000 of the $15,000 cost for the study, with the Oak Park Township and the Residence Corp. picking up $1,000 each. Grant money from Catholic Charities will provide $4,000. Oak Park will ask River Forest and Forest Park to chip in on the remaining $6,000.
The ultimate goal is an attempt to produce affordable housing to replace the single-room occupancy units set to disappear when the Y moves to Forest Park within the next two years.
Trustee Ray Johnson said the growing coalition will help coax funding from the Illinois Housing Development Authority (IDHA) if the study suggests such a project is possible.
The study is expected to take 90 days.
The board-consisting of only Johnson, President David Pope and Trustee Greg Marsey-gave the go-ahead on the village’s portion of the funding at a meeting Wednesday night.