Prairie Townhomes
400 Cass Street
910-914 East Locust Street
401-405 North Jefferson Street
100 Schworm Street
Ottumwa, IA Year
Completed: 2004 (under construction)
Type:
New construction of affordable multi-family rental townhomes.
Population Base:
Small city.
Number of Units:
19 (one, two, three and four bedroom units).
400 Cass
Street (five 2 bedroom units)
910-914 East
Locust Street (two 1 bedroom units
401-405 North
Jefferson Street (two 2 bedroom units)
100 Schworm
Street (10 units, four 2 BR, three 3BR and three 4 BR)
Amenities:
Attached private garages, private patios, stackable washers and
dryers, walk in closets, central air, and appliances.
Special Features:
All units will benefit families at or below 60% of the AMI for Wapello
County. A family social service plan will be administered by local
professionals and available to tenants at no additional cost.
Development and Financing Resources:
City of Ottumwa low cost lots, state HOME loan, Low Income Housing
Tax Credits, Enterprise Zone Credits and conventional loans.
CHI, Inc.:
Developer, general partner, property management.
Cost:
$2,065,000
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