CHARLESTON, IL / ACCESS Newswire / April 17, 2025 / In November 2024, Yost Management Services completed The Commons of Mattoon, a $8.4 million, 25-unit supportive housing complex on the south side of Mattoon, Illinois. Just a few months later, the project is already fully leased and drawing praise for both its execution and its impact. Designed for low-income residents, especially individuals with disabilities, the development is part of a broader effort by Yost to address Illinois' growing need for affordable housing. In an industry often defined by delays and budget overruns, Jeremy Yost is delivering something rare: speed, impact, and sustainability-all at once.
"This development isn't just about providing housing," said Jeremy Yost, CEO of Yost Management Services. "It's about creating a stable environment where people can rebuild their lives."
The Commons of Mattoon offers 25 one-bedroom units, each approximately 900 square feet, with modern finishes, community amenities, and proximity to local services. While the features may suggest market-rate housing, the rent structure is income-based-a reflection of the project's dual focus on quality and accessibility.
What truly sets the project apart is the timeline. The development was completed in just 89 days, an unusually fast turnaround in the affordable housing sector. Yost, who personally oversaw the entire build, attributes the rapid pace to disciplined project management, an experienced team, and a mission-driven approach.
"We were determined to deliver on time and within budget-and we did both," Yost said.
Funding for the project was secured through a combination of public resources, including the Illinois Affordable Housing Trust Fund and the National Housing Trust Fund. The Illinois Housing Development Authority (IHDA) played a key role in the financing and approvals process.
"I'm thankful for IHDA's partnership," Yost said. "Public investment in projects like this is essential if we're going to address the housing crisis at scale."
Community leaders agree. "The Commons of Mattoon is addressing an urgent need for affordable housing while serving as a model for public-private collaboration," said Ed Dowd, Executive Director of the Mattoon Chamber of Commerce. "Jeremy's leadership has made a real difference for our community."
Christine Haley, Illinois Chief Homelessness Officer, echoed that sentiment: "The Commons of Mattoon reflects the state's commitment to expanding access to safe, affordable housing. Jeremy's role in bringing this project to life cannot be overstated."
Beyond community praise, the project is also being viewed as a case study in efficiency and scalability-a rare combination in the affordable housing sector, which is often burdened by bureaucratic delays and high construction costs.
"Developments like this improve more than just housing access," said Brice Hutchcraft, IHDA board member. "They strengthen local economies, reduce strain on public systems, and enhance public health. Jeremy's approach is delivering returns that go far beyond the units themselves."
In recognition of his leadership and commitment to inclusive housing development, Jeremy Yost has been selected to receive the prestigious Supportive Housing Developer Recognition of Service at the 2025 Home Illinois Summit, hosted at the Crowne Plaza Rosemont Hotel on June 9-10, 2025. The award, issued by the Office of the Governor, celebrates Yost's exceptional dedication to advancing safe, sustainable, and inclusive housing solutions across the state of Illinois.
"This award is a reflection of the hard work and passion of my entire team," said Yost. "Together, we strive to create inclusive communities where everyone has the opportunity to thrive."
Yost's work in Mattoon is just one part of a broader strategy. With a growing portfolio and plans to expand across Illinois, Yost Management Services is positioning itself as a key player in the future of affordable housing development in the Midwest. Known for its speed-to-market, quality construction, and ability to work across public and private sectors, the firm has become one to watch.
"The Commons of Mattoon isn't the finish line," Yost said. "It's the blueprint."
As the demand for affordable and supportive housing continues to grow, so does the need for bold, results-driven leadership. If the early success of The Commons is any indication, Jeremy Yost is more than up for the challenge.
About Yost Management Services Inc.
Yost Management Services Inc. is a full-service real estate development and management firm specializing in affordable and supportive housing across Illinois. Led by founder and CEO Jeremy Yost, the company is known for its ability to deliver high-quality, cost-effective housing solutions at rapid speed without compromising on design or impact. With a growing portfolio of projects focused on low-income and underserved populations, Yost Management Services continues to set new standards for efficiency, accountability, and community-centered development in the affordable housing sector.
Contact:
Yost Management Services Inc.
leasing@yost-management.com
SOURCE: Yost Management Services, Inc.
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