Yost Management Services, a leading full-service real estate development company, today announced that The Commons of Mattoon, a 25-unit supportive housing development designed for low-income residents, particularly those with disabilities, is already making a lasting impact. Opened in November 2024, this modern housing facility reflects the vision of Jeremy Yost, CEO of Yost Management Services, to create affordable housing solutions for underserved communities across Illinois.
The project, which is now fully occupied, has exceeded expectations in its first few months of operation. "This development isn’t just about providing housing; it’s about creating a stable environment where people can rebuild their lives," Yost said. "Seeing this vision come to life has been incredibly fulfilling, and the positive response from our residents shows just how important this project is."
Located on the south side of Mattoon, The Commons of Mattoon offers 25 one-bedroom units, each approximately 900 square feet. With modern finishes and spacious layouts, the apartments provide comfortable, welcoming homes for the residents. The development also features a shared laundry facility and easy access to local amenities, helping to create a self-sufficient living environment.
The development was completed in just 89 days, a timeline that impressed both the community and industry experts. Yost, who oversaw the project from start to finish, praised his team for their efficiency and dedication and stated, "We were determined to deliver this project on time and within budget, and we did just that."
The $8.4 million project was funded through the Illinois Affordable Housing Trust Fund and the National Housing Trust Fund, with support from the Illinois Housing Development Authority (IHDA). Yost expressed his gratitude for the critical role the IHDA played in making the project possible.
"I’m thankful for the IHDA’s partnership and investment," Yost said. "Their commitment to funding affordable housing projects like this one is key to solving the housing crisis in Illinois."
Community leaders have praised the positive impact The Commons of Mattoon is already having on the local area. Ed Dowd, Executive Director of the Mattoon Chamber of Commerce, noted, "This project is not only addressing an urgent need for affordable housing but also serving as a model for public-private collaboration. Jeremy’s leadership has made a real difference for our community."
Christine Haley, Illinois Chief Homelessness Officer, added, "The Commons of Mattoon is a perfect example of the state’s ongoing efforts to provide safe, affordable housing. Jeremy’s leadership in this project has played a vital role in advancing this mission."
The success of The Commons of Mattoon also adds to Yost’s growing reputation as a leader in the affordable housing sector. Known for his ability to deliver high-quality, cost-effective housing quickly, Yost Management Services is poised to continue making a significant impact on the state’s housing landscape.
Brice Hutchcraft, an IHDA board member, highlighted the broader economic benefits of such projects. "Affordable housing developments like this one improve public health, reduce the burden on emergency services, and enhance the local economy," Hutchcraft said. "Jeremy’s work is having a lasting positive impact on the community."
For Yost, the completion of The Commons of Mattoon is just the beginning. With future plans to expand his company’s reach and continue developing similar affordable housing projects, his commitment to improving the lives of residents remains at the forefront of his work.
