Business & Tech

State Gives Tax Credit to Parkview Senior Apartments in Caledonia

An Illinois developer received $309,000 in WHEDA tax credits to expand its senior living complex just north of Kmart along Highway 32.

A developer received state tax credits this week to expand the ,just north of Kmart along Highway 32 near 4 Mile Road in Caledonia. 

The Wisconsin Housing and Economic Development Authority (WHEDA) awarded Parkview Affordable Housing Partners II $309,592 in Low Income Housing Tax Credits to add 23 units to the senior community, which was built in 2007. 

Parkview Gardens was one of 29 projects throughout the state to receive WHEDA tax credits this spring. It's the only project WHEDA backed in Racine County.

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A second application by the same development group for phase three of Parkview Gardens was rejected. 

The existing Parkview senior living community is divided into independent and assisted-living buildings for residents 55 and older. Parkview Gardens, which developers plan to expand, offers assisted-living apartments to seniors. 

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Tom Lebak, village administrator for Caledonia, said he wrote a letter of support for the developer's application for the tax  credits. Any expansion of Parkview Gardens still needs Village Board approval. 

"The development has been a good thing for the village," Lebak said. 

Alf McConnell, the listed contact for the project, was not reachable for comment.

WHEDA tax credits are available to developers who build housing projects for low- and moderate-income tenants

Gov. Scott Walker estimated the $17.1 million in tax credits issued this spring will create 1,200 construction jobs.


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