Court View Apartments, located at 2200 Court Street in Sioux City, will receive major updates under the terms of a new agreement reached with the Iowa Finance Authority. Apartments will receive new windows, flooring, paint, and energy efficient appliances as well as in-unit laundry, a resident favorite.
The decision is a change in fortune for the 24 apartment property in Sioux City. Previously, Community Housing Initiatives (CHI), the nonprofit organization which operates Court View, applied for Housing Tax Credits to finance renovations at Court View in the 2017 funding round, but the project was not funded.
The situation changed when it was decided a housing development the Iowa Finance Authority funded in 2016 is not moving forward, allowing the agency to offer that funding to Court View Apartments, which is a similarly-sized project. The tax credit award made to Court View is $320,151 annually.
“The apartments in Court View have held up well and remain a great resource for low and moderate income people in the community, but just like your home needs upgrades after 20 years, this building is no different. This work needs to be done and we are grateful for the opportunity to make upgrades to the building that will keep it available for the next twenty years,” said Sam Erickson, CHI’s chief operating officer.
Court View opened in 1998 and offers two and three bedroom apartments for people with low and moderate incomes. It is also where CHI’s Sioux City Regional Office is located serving Sioux City, Council Bluffs, Hawarden and Moville.
Work on updates to Court View Apartments will begin in January, 2018. The building will remain open throughout the renovations.
In addition to the Iowa Finance Authority, the Midwest Housing Equity Group is a key financing partner. ASK Studio in Des Moines will serve as architect, and North Sioux City-based Brown Wegher Construction is the general contractor.
Community Housing Initiatives is a nonprofit organization based in Spencer, Iowa, that offers 227 apartments in Sioux City in 8 apartment communities. In 1996, CHI’s first building to open in Sioux City was the Lessenich Place Apartments in a former postal annex with a great location in the up-and-coming Pearl Street district.
CHI’s most recent construction project in town involved adding additional apartments to the Call Terminal Apartments on historic 4th Street on floors previously occupied by commercial space. All apartments in that building–there are now 70–received updates during that effort, and work was completed late in 2015.