Community Housing Initiatives, Inc.CHI Project - Timberland Ridge Apartments - Davenport, Iowa













Ivy Apartments
210 9th Street North
Humboldt, IA
Ivy Apartments - Humboldt, Iowa Ivy Apartments - Humboldt, Iowa

Year Completed: 2000

Type: Multi-family, two story, new construction.

Population Base: rural community, residential neighborhood.

Number of Units: 12 (10 two bedroom, 2 three bedroom).

Amenities: garages, parking, on-site laundry, appliances, and central air.

Special Features: All units benefit families at or below 60% of the AMI for Humboldt County.  Infill housing in a stable, residential neighborhood close to downtown, schools, and park facilities.

Development and Financing Resources: state and federal loans, Federal Home Loan Bank, Low Income Housing Tax Credits, conventional loans.

CHI, Inc.: Developer, general partner, property management

Cost: $1,100,000

 

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