Parkview Apartments, Inc. Makes Improvements to Rental Units

Arlington, SD – January 25, 2011  USDA Rural Development State Director Elsie M. Meeks, along with South Dakota Housing Development Authority, Mills Construction, Arlington city officials, the property management team and tenants visited Parkview Apartments, Inc. today to view the progress being made on the multi-family housing complex.

"In October of 1964, Building 2 was the first Rural Rental Housing Loan approved in South Dakota,” stated Meeks.  She continued, "This is a great example of the federal government supporting local efforts. I am truly impressed with the outcome of the renovation. The apartments are beautiful. Congratulations to all who have provided leadership on this effort!”

Parkview Apartments Inc. consists of nine buildings and will be a 35-unit family designated complex.  The first building on this project was built in 1964 and the other buildings were later added in the 1970s. The project had seen a vacancy increase prior to the renovation. Today, with these upgrades, they hope to increase the occupancy rate.

USDA Rural Development provided Multi-Family Housing loan funds in the amount of $738,785 and grant funds of $89,343, to be leveraged with South Dakota Housing Development Authority Home Funds of $400,000 for the repair/rehab of this project. Rehab included reducing the number of units from 42 to 35, resulting in 14-one bedroom, 20-two bedroom, and one-three bedroom to better serve the needs of families in the area, along with roofing, siding, plumbing, electrical, flooring, windows, appliances, and handicap accessibility.

"It’s always so rewarding to see the end result of this process of funding and construction,” said Mary Jo Minor, Mills Property Management. The Parkview Board of Directors has worked so hard for so many years to see this project happen. It never happens by itself, it takes committed people and good funding loan programs to revitalize and help preserve affordable housing options in rural communities.”

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