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













Woodbury Park
419-429 South Irene Street
Sioux City, IA
Woodbury Park - Sioux City, Iowa

Year Completed: 1999

Type: Multi-family, two story, new construction.

Population Base: urban, city commercial and residential neighborhood.

Number of Units: 6 (4 two bedroom, 2 three bedroom).

Amenities: appliances, central air, green space.

Special Features: The neighboring community action agency provides a wide range of services including a Head Start Center.  All units benefit families 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.: Co-developer, co-general partner, property management

Cost: $599,000

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