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| Property & City: |
Pearl Place Senior Apts.
520 Pearl St.
Belvidere, IL 61008
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| Type: |
Historical Rehabilitation |
| Occupancy: |
Senior Housing |
| Units: |
56 |
| Complete: |
1998 |
| Management Company: |
Ogden / 414-276-5285 |
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Exterior 2
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Sign
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Unit Loft
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| Summary: |
Pearl Place Apartments are full-sized one- and two-bedroom senior apartments complete with combined living and dining areas, full kitchens, bathrooms, bedrooms and closet/storage areas. The structure, originally a school, was built in 1893, with additions in 1916.
Funds/Cost
HOME Funds $1,275,671
First Mortgage with Boston Capital $1,030,000
Tax Increment Financing $ 250,000
Affordable Housing Loan $ 171,000
Equity Raised Through Historic Tax Credits and LIHTC $2,534,000
Ogden |
