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













North Valley Apartments
702 & 704 North Van Gordon Street
Graettinger, IA
North Valley Apartments - Graettinger, Iowa

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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