Description:

Crescent Place, a brand new 40 unit, 4-story affordable mid-rise community for families in Arlington Heights. Housing Trust Group partnered with Turnstone Development Corporation whose focus is to facilitate the creation and preservation of affordable housing in Illinois and Florida. There are 39 affordable housing LIHTC units through IHDA and 1 manager unit. 31 units are set aside at 60% AMI and 8 units are Statewide Referral Network (SRN) units  which are set aside at 30% AMI. 

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Project Type: Multifamily 

 

Total Number of Units: 40 

 

Unit Mix:

• 1 bedroom / 1 bathroom — 20

• 2 bedroom / 2 bathroom — 19

 

Project Amenities:

• Community Room

• Library

• Computer cafe

• Fitness Room

• Tenant storage & Bicycle storage

• Resident garden

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Crescent Place is  located on a 2.3 acre lot. The community will offer a mix of one-, and two- bedroom units ranging from 646 square feet to 880 square feet. Amenities will include a community room, library, computer café, fitness room, tenant storage compartments, bicycle storage, and 80 outdoor parking spaces (8 of which are designed to meet ADA parking standards). Other features include a resident garden, an outdoor patio, and a walkway tying into the existing public sidewalk system.

 

Crescent Place units will be reserved for income-qualifying residents who earn at or below 30 and 60 percent of area median income (AMI), with rents ranging from $524 to $1,258 per month.