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














Riverside Estates
1028/1030 Riverside Drive
Sioux City, IA

Year Completed: 2002

Type: New construction of multi-family apartments.

Population Base: urban, city commercial and residential neighborhood.

Number of Units: 32 one and two-bedroom units.

Amenities: security entrance, parking, on-site laundry, appliances, central air.

Special Features: All units will benefit tenants at or below 60% of the Area Median Income for Woodbury County.

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

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

Cost: $3,100,000

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