It only took five days for Parkview Tower to reach a full occupancy of all 81 units after the key was handed over to the Housing and Redevelopment Authority (HRA) in Montevideo. The construction was finished in November of 1971 as part of a Housing and Urban Development program.
“They were trying to address a growing need for affordable housing” said Sharon Olson, executive director of the Montevideo HRA, who retired at the end of June. “Original tenants came from Montevideo and the surrounding area, mostly within a 30-mile radius of Montevideo ... Through the years, tenants have come from all over the United States, often moving to the Montevideo area to be close to family.”
Many original tenants from rural areas had never has access to running water and indoor plumbing.
As the goal of Parkview Tower is to provide affordable housing, the rent is based on income, though the exact figure has changed over the years. In 1971, rent was 25 percent of adjusted gross income, with the adjustment accounting for an elderly deduction of $400 and any out-of-pocket medical bills over three percent of the gross income. In 2009, that 25 percent was increased to 30 percent.
Along with the increase in rent, there has also been an increase in government oversight, and accountability and paperwork owed to the government, Olson explained.
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