Year Completed: Acquired in 2002, rehabilitation construction began in 2003 and will be complete in 2004

Type: Preservation of an existing HUD 202 project.

Population Base: Urban.

Number of Units: 100 (two and three bedroom units).

Amenities: Full time on-site management team and maintenance staff, on-site laundry, parking, appliances, and central air.

Special Features: Community Housing Initiatives is proceeding with plans to preserve the property with several updates including new paint, flooring, appliances, siding, roofing, exterior doors, and playground equipment.

Development and Financing Resources: Iowa Finance Authority Loan

CHI, Inc.: Owner, property management.

Cost: $2,300,000