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













Silver Lake Apartments
212 East 4th Street
Lake Park, IA
Silver Lake Apartments - Lake Park, Iowa Silver Lake Apartments - Lake Park, Iowa Silver Lake Apartments - Lake Park, Iowa

Year Completed: 1996

Type: elderly, garden style, new construction.

Population Base: rural community, residential neighborhood.

Number of Units: 10 (6 two bedroom, 4 one bedroom).

Amenities: garages, parking, appliances including washer/dryer in unit, furnished community room.

Special Features: Occupancy limited to tenants 55 years of age and older.  All units benefit tenants at or below 60% of area median income.

Development and Financing Resources: city funds, state and federal loans,  Low Income Housing Tax Credits, conventional loans, local non-profit support.

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

Cost: $668,757

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