The Iowa Finance Authority on March 14 announced it has allocated $266,087 in annual Housing Tax Credits to Community Housing Initiatives, Inc. (CHI) to acquire and renovate North Bay Apartments in Fairfield. Construction will take place in 2019. When renovations are complete, the property will offer 24 rent-assisted two and three bedroom apartments and townhomes.…
Tag Archives: housing tax credits
Mar
14
2018
The Iowa Finance Authority on March 14 announced it has allocated $453,446 in annual Housing Tax Credits to Community Housing Initiatives, Inc. (CHI) to acquire and renovate Penn Oaks Apartments in North Liberty. The project also received a loan from the Housing Trust Fund of Johnson County. Tracey Achenbach, the trust fund’s executive director, said…