Carnegie Place Apartments 705 6th Street Sioux City, IA

This former Carnegie Library was designed by renowned architect, Edward Tilton. The conversion of this building into 20 affordable one and two bedroom apartments created some of the most beautiful apartments in the downtown area. Because this building is so masterfully crafted, turnover is very low and prospective tenants are lucky to find an opening! Don't miss this property at 705 East 6th Street.

Year Completed: 1997

Type: Preservation and adaptive re-use of a 1913 Carnegie Library into multi-family apartments.

Population Base: urban, city commercial and residential neighborhood.

Number of Units: 20 one and two bedroom units.

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

Special Features: Carnegie Place is a tangible example of how a community can maintain historic buildings and resolve affordable housing needs within the same project.  This particular project has won several state awards including "Iowa's Best Adaptive Re-Use Award" and "Outstanding Achievement in Historic Preservation".  In addition, the National Park Service featured Carnegie Place in a series entitled: "Case Studies in Affordable Housing Through Preservation".  For detailed information on this award-winning project, see www2.cr.nps.gov/tps/affdhsg/AffordableHousing.htm.

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

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

Cost: $1,840,875