|
|
| Property & City: |
Alcott Manor
1224 Walnut Street
Grand Forks, ND 58208
|
| Type: |
Historical Rehabilitation |
| Occupancy: |
Senior Housing |
| Units: |
45 |
| Complete: |
1999 |
| Management Company: |
MetroPlains Management/ 701-662-4776 |
|
Gazebo
|
Exterior 2
|
Library
|
|
|
| Summary: |
Once known as South Junior High School, this structure was built in 1931, with additions made in 1956 and 1981. The building has two levels and is approximately 59,000 square feet. The building served as a junior high school until 1997, when floodwaters damaged the building and forced the district to relocate the students.
Funds/Cost
HOME Funds $ 495,500
First Mortgage With Midland $1,335,000
Partial Tax Exemption on Property $ 115,000 For 10 Years
Equity Raised Through LIHTC and Historic Tax Credits $1,700,000
|
