The Signs are Everywhere.

The Signs are Everywhere. From blocks of housing rebuilt painstakingly by volunteers and residents, to the new U.S. Courthouse flanking the river, to a state of the art convention center and new hotel, bookending our vibrant downtown with the New Bohemia Main Street District - this is a time of hope and optimism for our community. With more than 3/4 of a billion dollars invested in our community, the Signs of Progress are all around us.

At the five year mark, this is the time to look forward. This is not only a time to see how much is yet to be done - but also to pursue that vision of a vibrant and urban hometown. One we’re all proud to call home.

Jan 7, 2011

Oak Hill Jackson Brickstone Apartments


Community Investment: $ 19 million      
Status: Completion by June 2011

12 Avenue and Sixth Street SE /Ninth Avenue and Sixth Street SE

As a direct answer to unmet affordable housing needs post-flood, The Oak Hill Jackson Brickstones are comprised of 96 affordable apartments for low to moderate income families. This project has two sites  and is financed by low income housing tax credits purchased by a national investor, private equity by owners and federal stimulus money. The requirement for receiving tax credit private financing is to provide below-market rents to income qualifying tenants.

 Community Partners: National Equity Fund, Iowa Finance Authority, City of Cedar Rapids, Koester Construction, Novak Design and Cedar Rapids Bank and Trust
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