North Valley Apartments
702 & 704 North Van Gordon Street
Graettinger, IA |
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Year Completed: 1997
Type:
Multi-family, garden-style, new construction.
Population Base:
rural, small community.
Number of Units:
11 (2 one bedroom, 7 two bedroom, 2 three bedroom).
Amenities:
garages, parking, on-site laundry, central air, appliances including
dishwasher.
Special Features:
Residential location is close to social, medical, and educational
services. All 11 units benefit families at or below 60% of
the Area Median Income.
Development and Financing Resources:
city funds, local utility loans, state and federal loans, Federal
Home Loan Bank, Low Income Housing Tax Credits, conventional loans.
CHI, Inc.:
Developer, general partner, property management
Cost:
$651,996
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