Spruce Village

1980 North Rand Road, Palatine, Illinois 60074

This development will be a 45 unit apartment building featuring a variety of unit sizes as well as community amenities, both indoor and outdoor. The development will include a community room, laundry facilities, and offices. The whole building will be monitored by a camera surveillance system and all apartments will have intercom access to the front doors for guests.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
1 Bedroom (1/1)	-	Call for Price

This property is currently under construction.

Construction is expected to begin in July of 2019 and the building should be ready for occupancy by the summer of 2020.

Eligibility for Spruce Village

Spruce Village Details

45 studio and one bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
On-Site Manager
On-Site Social Services
Landscaping
Snow Removal

Unit Amenities

Furnished Available
Trash Included
Fully Equipped Kitchen

Low-Income Housing Tax Credit (LIHTC)

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.