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| Property & City: |
Central Place IA
629 Central Ave.
Fort Dodge, IA 50501
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| Type: |
Historical Rehabilitation |
| Occupancy: |
Senior Housing |
| Units: |
31 |
| Complete: |
2009 |
| Management Company: |
T&L Properties / 515-689-8593 |
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| Summary: |
Originally built in 1907, the building is constructed of masonry with notable Greek influences seen in the Ionic capitals at the top of the engraved columns. The renovation maintained and enhanced the existing external appearance of the building. This was accomplished through retaining and restoring the existing masonry details, openings, window locations and entries. The facility has been converted into full-sized one-bedroom apartments complete with combined living and dining areas, full kitchens, bathrooms, bedrooms and closet/storage areas.
Sources of Funds
First Mortgage $ 259,912
HOME Funds 424,983
Tax Abatement 50,000
State Historic Tax Credits 581,192
Enterprise Zone Tax Credits 38,769
Housing Tax Credits 2,578,784
General Partner Investment 39,564
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