Parkview is a 45-unit, new construction apartment building in downtown Arlington Heights that serves a mix of individuals and families of all income ranges. The building includes two floors of indoor parking and five floors of residential apartments, including one-, two-, and three-bedroom units. The project features on-site office space for property management and bike storage.
Downtown Arlington Heights is a revitalized, bustling suburban district with mixed businesses and residential developments. The neighborhood has a wide range of amenities and employment opportunities for residents, including medical facilities, a library, schools, and entertainment, as well as public transportation, grocery stores, shopping, and churches.
Parkview adds an attractive, energy-efficient and high-quality construction building to the neighborhood that not only meets the needs of the local Affordable Housing Ordinance, but also contributes to the economic growth of the community.
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Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Parkview is managed by UPHOLDINGS, LLC.