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













Lakewood Court
607 15th Street
Spirit Lake, IA
Lakewood Court - Spirit Lake, Iowa Lakewood Court - Spirit Lake, Iowa Lakewood Court - Spirit Lake, Iowa

Year Completed: 1998

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

Population Base: rural, small community.

Number of Units: 8 (4 two bedroom, 4 three bedroom).

Amenities: garages, parking, on-site laundry, meeting room.

Special Features: All units benefit families at 50% and 60% of the AMI for Dickinson County.  Referral services are designed to strengthen children and families.

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

CHI, Inc.: Housing needs assessment developer, general partner, property management

Cost: $682,000

 

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