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The post Iowa Finance Authority Awards Federal Funds to for Summerfield Park Apartments appeared first on Community Housing Initiatives News.
]]>July 25th, 2024
Iowa Finance Authority awards federal funds to Community Housing Initiatives
On July 3rd, 2024, the Iowa Finance Authority announced the allocation of $660,000 in annual Low-Income Housing Tax Credits and $953,456 in state HOME funds to Community Housing Initiatives (CHI) for the Summerfield Park Apartments project in Spirit Lake, Iowa.
These funds will support the renovation of the property built in 2001, aiming to improve handicapped accessibility, modernize amenities, and enhance energy efficiency. Located at 2300 Sunner Avenue, the current property consists of twenty units, including eight 1-bedroom and twelve 2-bedroom apartments. The project will also add storage and construct eight additional 2-bedroom and two 3-bedroom apartments.
Community Housing Initiatives, (CHI) is Iowa’s largest non-profit housing provider. 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. CHI has invested over $270 million in Iowa communities. For 30 years, CHI has re-invested all income from development and rental properties directly back into Iowa communities.
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 to promote the development of safe, affordable, and accessible rental housing.
ADDITIONAL RESOURCES
For more information on the Iowa Finance Authority’s July 3rd funding decision and details about the Housing Tax Credit and HOME programs, visit www.iowafinance.com. Learn more about CHI at www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164 | [email protected]
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]]>August 7th, 2023
Iowa Finance Authority awards federal funds to Community Housing Initiatives
The Iowa Finance Authority on July 5th, 2023 announced it has allocated $545,971 in annual Low-Income Housing Tax Credits and $500,000 in state HOME funds to CHI to update the Frank Smith Center in Des Moines.
Funds awarded by the Iowa Finance Authority for rehabilitation will help the non-profit organization to update handicapped accessibility features, modernize amenities, and enhance energy efficiency. Located at 2100 Beaver Ave, this property offers 44, 1-bedroom apartments for seniors and persons with disabilities. Frank Smith Center offers project-based rental assistance, meaning rents are based on 30% of the individual’s monthly income.
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 July 5th funding decision contains useful information about the Housing Tax Credit and HOME programs. It is available at www.iowafinance.com More information about CHI can be found on its website, www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164| [email protected]
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]]>CONSTRUCTION ON 30 NEW APARTMENTS EXPECTED TO BEGIN IN 2024
The Iowa Finance Authority on July 5th, 2023 announced it has allocated $675,000 in annual Low-Income Housing Tax Credits and $1,100,000 in state HOME funds to CHI to develop Cottonwood Trail Apartments in Mount Vernon.
Located at 208 Glenn Street, Cottonwood Trail Apartments will consist of 30 mixed-income apartments specifically designed for seniors. Construction for this eagerly anticipated project is expected to begin in Spring 2024, with an anticipated completion date in 2025.
Sarah Reilly, the Housing Production Director of Community Housing Initiatives, expressed heartfelt gratitude to the City of Mt Vernon and the Mt Vernon Housing Commission for their unwavering support in bringing this affordable housing initiative to fruition. "We are incredibly grateful for the partnership and support of the City of Mt Vernon and the Mt Vernon Housing Commission. Their commitment enables us to provide the community with high-quality, affordable housing solutions," said Reilly.
Cottonwood Trail Apartments will comprise 15 one-bedroom and 15 two-bedroom units, making a total of 30 units available for residents. Among them, 8 units will be designated for individuals with incomes at or below 40% of the area medium income, while the remaining 22 units will be designated for individuals with incomes at or below 60% of the area medium income.
Rental and leasing information for Cottonwood Trail Apartments will be announced by Community Housing Initiatives as construction nears completion in 2025. The property will be locally managed by CHI staff at their Cedar Rapids office located at 845 31st Avenue Southwest.
About Community Housing Initiatives, Inc. (CHI)
Community Housing Initiatives, Inc. (CHI) is Iowa's largest non-profit housing development and consulting group. Since its establishment in 1993, CHI has worked closely with various communities spanning a population range of 800 to 200,000. Their sole charitable purpose is to create housing solutions that align with community needs while providing comprehensive services for residents. As one of Iowa's most successful developers and managers of affordable rental housing, CHI has generated or preserved over 1,600 affordable housing units offered at below-market rates. Furthermore, CHI has actively collaborated with state and local governments, civic groups, and non-profit organizations across the state to foster the development of safe, affordable, and accessible rental housing.
ADDITIONAL RESOURCES
The Iowa Finance Authority’s release on its July 5th funding decision contains useful information about the Housing Tax Credit and HOME programs. It is available at www.iowafinance.com
More information about CHI can be found on its website, www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164| [email protected]
The post Iowa Finance Authority awards federal funds to Community Housing Initiatives’ Cottonwood Trail Apartments appeared first on Community Housing Initiatives News.
]]>The post CHI Receives $122,094 from Care Connections of Northern Iowa through Community Impact Grant appeared first on Community Housing Initiatives News.
]]>June 2st, 2023
CHI Receives $122,094 from Care Connections of Northern Iowa through Community Impact Grant
Spencer, IA- 5/31/2023 – CHI is pleased to announce that we have received a Community Impact Grant of $122,094.00 from Care Connections of Northern Iowa. This grant will help us to continue our mission of impacting the lives of Iowa residents by developing safe and quality community housing.
“We are beyond thrilled to have received this grant from Northwest Iowa Care Connections of Northern Iowa,” said Brittany Spieker, Director of Resident Services. “This funding will play a vital role in connecting individuals in need with housing and providing them with customized programs and services. This is the critical link to avoiding homelessness, hunger, optimizing health, and maintaining affordable housing. Our partnership with providers like Northwest Iowa Care Connections has proven to be the key to successful housing stabilization.”
“It is apparent that CHI does things differently, in the most positive way I can express. Said Melissa Loehr, CEO of Care Connections. “The housing and services are top-notch, and we highly recommend any of the individuals we work with to look at CHI housing options because they get more than just a home, they get an opportunity to be successful in that home with support.”
CHI is grateful for the support of Care Connections of Northern Iowa and remains committed to providing high-quality affordable housing and services to communities across Iowa.
ADDITIONAL RESOURCES:
Care Connections of Northern Iowa is a collaboration of 6 Iowa Counties. Their purpose is to have a coordinated system of care for citizens experiencing mental health conditions or intellectual disabilities. More information can be found on their website, www.ccnia.org.
More information about CHI can be found on its website, www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164 | [email protected]
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]]>February 1st, 2023
Iowa Finance Authority awards HOME funds to Community Housing Initiatives
The Iowa Finance Authority on February 1st announced it has allocated $1,030,488 in HOME funding to Community Housing Initiatives, Inc. (CHI) for Evergreen Trail and Tulip Tree.
Evergreen Trail was awarded $533,319. The project is located in Des Moines, Iowa, and is a rehabilitation of a scattered site housing project creating 26 HOME units. Twenty of the units are reserved for persons aged 62 or older. Preservation of this important affordable housing stock will include upgrades to appliances, flooring, HVAC systems, and enhanced handicapped accessibility features.
Tulip Tree was awarded $497,169. This new construction project is in Marion, Iowa, and is new construction of 3 HOME units with a total of 40 units reserved for seniors aged 55 and over.
Funds awarded by the Iowa Finance Authority will help the non-profit CHDO organization offset substantial increases in costs to complete these projects. CHDO organizations are private nonprofit, community-based organization that has staff with the capacity to develop affordable housing for the community it serves.
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 February 1st funding decision contains useful information about the HOME program. It is available at www.iowafinance.com.
More information about CHI can be found on its website, www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164| [email protected]
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]]>The post Iowa Finance Authority awards federal funds to Community Housing Initiatives’ Adel Manor Apartments appeared first on Community Housing Initiatives News.
]]>September 1st
Iowa Finance Authority awards federal funds to Community Housing Initiatives’ Adel Manor Apartments
REHABILITATION OF 68 UNITS EXPECTED TO BEGIN IN 2023.
The Iowa Finance Authority on August 31st announced it has allocated $750,922 in annual Housing Tax Credits to Community Housing Initiatives, Inc. (CHI) to update Adel Manor in Adel.
The property, located at 500 Van Fossen Lane, offers 68, 1-bedroom apartments for seniors and persons with disabilities. Adel Manor offers project-based rental assistance, meaning rents are based on 30% of the individual monthly income.
Funds awarded by the Iowa Finance Authority for rehabilitation will help the non-profit organization to update handicapped accessibility features, modernize amenities, enhance energy efficiency, update HVAC, and add in-unit washers and dryers. “CHI and Adel Manor have worked together for nearly two decades, starting with the development of Van Fossen Square. It has been our pleasure to work alongside the Adel Manor Board of Directors to secure funding to preserve this wonderful community asset,” said Sam Erickson, CEO.
“We look forward to investing resources into Adel Manor to assure it continues to provide high-quality housing for the Adel community for the next 40 years.” Construction on the project is expected to begin in 2023, although a specific date has not been set.
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 August 31st funding decision contains useful information about the Housing Tax Credit and HOME programs. It is available at www.iowafinance.com
More information about CHI can be found on its website, www.chihousing.com.
CONTACT INFORMATION:
Savannah Minnick
Director of Marketing and Communications
515-350-8164| [email protected]
The post Iowa Finance Authority awards federal funds to Community Housing Initiatives’ Adel Manor Apartments appeared first on Community Housing Initiatives News.
]]>The post Don’t let back to school time bust the family bank account appeared first on Community Housing Initiatives News.
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Splashing around in the pool, sleeping in late and taking a break from math and science are the joys of summer for many children. However, long evenings chasing fireflies and no homework don’t last forever; those days will come to an end as students prepare to head back to school.
Before the classroom doors open, parents should prepare for school and college expenses. According to a recent study from Huntington Bank, school supplies and extracurricular activities for the 2015-16 school year cost an average of:
- $650 for elementary school students.
- $940 for middle school students.
- $1,400 for high school students.
Here are several tips to help parents prepare for the upcoming school year:
- Shop early. Most schools offer a list of required school supplies and books your child will need. Contact your child’s school or visit the website to get the list and begin looking for sales and bargains before the summer ends.
- Inventory last year's school supplies. Look in the bottom of those book bags and in your child’s room to see what supplies you already have, before going out to buy new items.
- Set a budget and stick to it. School clothes, sports and extracurricular activities can become costly if you don’t have a budget. Stay firm, stick to your budget and don’t waiver, no matter how cute the outfit is or how much your child begs to play that sport or instrument.
Adhering to a back-to-school financial strategy helps parents reach their financial goals throughout the year.
This content was produced by our NeighborWorks America, a national housing network to which Community Housing Initiatives belongs.
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