As one affordable housing project opens in Arlington Heights, another...

Affordable housing advocates in Arlington Heights celebrated the opening of a 40-unit apartment complex Wednesday, at the same time a proposed development in another part of town faces an uphill battle.

Crescent Place is the new four-story, 45,000-square-foot building at 310 W. Rand Road with one- and two-bedroom units priced below market rates. Monthly rents range from $621 to $1,489, compared to the area market average of $1,713, officials say.

The $18.2 million project by Housing Trust Group, a Miami-based national developer of affordable housing, and Northlake-based Turnstone Development Corp. received $12 million in low-income housing tax credits through the National Equity Fund, $4 million from the Illinois Housing Development Authority, and $12.5 million in loans from BMO Harris Bank.

The opening comes a little more than two years since the village board voted 8-1 to rezone a portion of the 2.5-acre site from commercial to…

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