Pensacola Framery

Main Menu

  • Home
  • Financial planner
  • Financial advisor
  • Financial services
  • Financial authority
  • Financial institutions

Pensacola Framery

Header Banner

Pensacola Framery

  • Home
  • Financial planner
  • Financial advisor
  • Financial services
  • Financial authority
  • Financial institutions
Financial authority
Home›Financial authority›Iowa Financial Authority allocates federal funds to Van Allen apartments | Local News

Iowa Financial Authority allocates federal funds to Van Allen apartments | Local News

By Mark L. Wells
September 10, 2021
0
0


CHI initially acquired the Van Allen building in 2000 and converted the old department store into 19 apartments and a commercial space on the first floor. Rehabilitation funding from the Iowa Finance Authority will help the nonprofit update accessibility features for people with disabilities, modernize equipment, improve energy efficiency and refresh historic finishes . The property offers 19 mixed income apartments on the corner of Fifth Avenue South and Second Street in downtown Clinton.

Construction on the property is expected to begin in early 2022, although a specific date has not been set.

“The successful funding of this project is particularly exciting for Clinton, a community that has championed this magnificent historic building since its construction in 1915,” said Kris Illg, CHI Construction and Rehabilitation Manager. “From the original adaptive reuse in 2002 to the current plans to update the property in 2021, the leaders of the Town of Clinton have helped us preserve and protect this irreplaceable piece of American architectural history.”

The building has 14 one-bedroom units and five two-bedroom units. Two of the apartments are rented at market rates, while the remaining 17 are subject to income restrictions.

Community Housing Initiatives is Iowa’s largest non-profit housing development and consultancy group. Since 1993, CHI has worked with communities ranging from 800 to 200,000 residents to create housing solutions that meet the needs of the community and provide comprehensive services to residents.

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 nonprofit organizations across the state to promote the development of safe, affordable and accessible rental housing.

CHI currently owns and operates five properties in Clinton – Van Allen, Armstrong, Clinton Block and Roosevelt School, all of which are renovated historic buildings downtown. The property will be managed locally from CHI’s office in West Heights Townhomes, a new PMT construction located at 1155 14th Ave NW.

News Business Highlights

  • Iowa Financial Authority allocates federal funds to Van Allen apartments | Local News
  • Check out all the news and articles for business news updates.
Disclaimer: If you need to update / change this article, please visit our help center. For the latest updates Follow us on googIe New


Related posts:

  1. U.S. financial authority asks brokerage firms to disclose crypto activity
  2. Beware of this UAE scam, financial authority warns
  3. Japan’s financial authority inspecting 32 cryptocurrency exchanges – Bitcoin News regulations
  4. Financial authority orders Garuda to restate 2018 results | New

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • August 2019
  • June 2019
  • April 2019
  • December 2018
  • November 2018
  • October 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • February 2018
  • October 2017
  • August 2017
  • June 2017
  • March 2016

Categories

  • Financial advisor
  • Financial authority
  • Financial institutions
  • Financial planner
  • Financial services

Recent Posts

  • IQ Financial Advisor – Content Page
  • Top 5 Online Payday Loans For People With Bad Credit
  • Salary expectations for financial advisors in 2022
  • Samuel R. Schnydman, retired financial advisor and insurance agent, dies – Baltimore Sun
  • ‘I lied to everyone I met’: how gambling addiction took hold of women in the UK
  • Privacy Policy
  • Terms and Conditions