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The post Iowa Finance Authority awards federal funds to Community Housing Initiatives’ Woodridge Apartments in Washington IA appeared first on Community Housing Initiatives News.
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Initiatives’ Woodridge Apartments in Washington IA
REHABILATION OF 24 APARTMENTS EXPECTED TO BEGIN IN 2027.
On June 2nd, the Iowa Finance Authority announced it has allocated $697,535 in annual Housing Tax Credits and an additional $575,000 in federal HOME funds to Community Housing Initiatives, Inc. (CHI) to rehab Woodridge Apartments in Washington IA.
The project will offer 24 affordable apartments at 215 E Washington Street. Construction on the project is expected to begin early in 2027, although a specific date has not been set.
“Preserving quality, affordable housing is essential to the strength of this community, and it’s critical that to support its long-term sustainability. CHI is incredibly fortunate to be able to do that here in Washington, Iowa,” said Sarah Reilly, Housing Production Director at Community Housing Initiatives. “This project would not have been possible without the amazing partnership of the Eastern Iowa Housing Trust Fund. Their partnership has helped ensure that affordable housing in the Washington community is maintained to be both high-quality and long-lasting, and it’s a privilege to work with an organization that drives the same shared mission.”
CHI will announce leasing information for Woodridge as construction nears its end in 2027. The property will be managed locally by staff in CHI’s Cedar Rapids office at 845 31st Avenue Southwest.
Community Housing Initiatives, Inc. (CHI) is Iowa’s largest non-profit housing development and consulting group. Since 1993, CHI has worked closely with communities ranging in population from 800 to 200,000 serving the sole charitable purpose of creating housing solutions that meet community needs and provide comprehensive services for residents. As one of the most successful developers and managers of affordable rental housing in Iowa, CHI has generated or preserved over 1,600 affordable housing units offered at below market rates. CHI has also worked with state and local governments, civic groups, and non-profit organizations across the state to promote the development of safe, affordable, and accessible rental housing.
ADDITIONAL RESOURCES
The Iowa Finance Authority’s release on its June 2nd funding decision contains useful information about the Housing Tax Credit and HOME programs. It is available at www.iowafinance.com
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Media Contact: Brittany Spieker
Email: [email protected]
Website: https://www.chihousing.com/
Headline: Adel Manor Community Center Ribbon Cutting Brings Together Leaders and Residents
ADEL 6/13/2025
On Friday afternoon Community Housing Initiatives, Inc. (CHI) hosted a ribbon cutting for the Adel Manor Community Center. The event featured remarks from CHI CEO Sam Erickson, State Senator Trone Garriott, State Representative David Young, and NeighborWorks America representative Andre Butler. Attendees included Adel Manor residents, Mayor Pro Tem Shirley McAdon, a representative from Sen. Joni Ernst’s office, and private partners from across the state.
Adel Manor is a 62+ subsidized affordable housing community located in a quiet neighborhood in Adel, Iowa. This 68-unit property operates under the USDA Rural Rental Housing Program and offers independent living with features such as new in-unit laundry, new appliances, and income-based rent. Since acquiring the property in 2023, Community Housing Initiatives (CHI) has made significant improvements, including the installation of new windows, window coverings, doors, a secured entry call system, and added storage.
Funding for this development was provided by Farmers Bank (Spencer), Northwest Bank (Spencer), the Federal Home Loan Bank, Low-Income Housing Tax Credit (LIHTC), and HOME.
As a leader in affordable housing development, CHI has created or preserved over 1,600 affordable housing units at below-market rates. The organization has collaborated with government, civic groups, and other nonprofits to promote safe, accessible housing across Iowa. To date, CHI has invested nearly $300 million in Iowa communities, reinvesting all income from its projects back into local areas for over thirty years.
This event was part of NeighborWorks Week, spanning June 7 – 14, 2025. CHI is a proud member of NeighborWorks America, a national network of nearly 250 nonprofit organizations working to create affordable housing, promote financial stability, and strengthen communities. Through this affiliation, CHI benefits from shared resources, training, and support that enhance its ability to deliver innovative housing solutions and build strong, resilient neighborhoods.
“We are thrilled to open the Adel Manor Community Center for our residents to enjoy camaraderie and programming. As a NeighborWorks member organization, we are dedicated to affordable housing that responds to community needs through partnerships with local and state organizations.”
-Sam Erickson, CEO, Community Housing Initiatives
Community Housing Initiatives, Inc. (CHI) is Iowa’s largest non-profit housing development and consulting organization. Since 1993, CHI has partnered with communities of all sizes to create housing solutions that meet local needs and provide essential resident services.
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