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2013_0722_packet
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2013_0722_packet
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8/30/2013 2:11:29 PM
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7/19/2013 9:16:01 AM
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METRO LOFTS <br />Des Moines, IowaProject Details <br />Located in downtown Des Moines, Metro Lofts is a " New Construction <br />four-story new construction development with a total " 102 Affordable Units <br />" 11 Market-Rate Units <br />of 111 apartment units. The building offers an amenity <br />" Project Value: $21.0 Million <br />package including a large community room, fully- <br />" Financing: HUD Insured 1st Mortgage, Federal <br />equipped exercise room, a computer learning center, <br />Low Income Housing Tax Credits, IDED - EZ Tax <br />underground parking, secure entry, and an on-site <br />Credits and Sales Tax Credits, IFA 1602 Funds, <br />leasing office and manager. <br />CIty of Des Moines, Other Sources <br />The apartment units have modern, durable finishes. <br />Role: Developer, General Partner, Property Manager <br />Residents enjoy central air conditioning, in-unit <br />washers and dryers, high-speed internet connection, <br />Completed: December, 2010 <br />energy-conserving fixtures, and an additional interior <br />storage closet. Select units have walk-in closets, patios <br />or balconies. <br />With downtown Des Moines right outside its front <br />door, Metro Lofts offers quality affordable housing in a <br />convenient location. <br />COMPANY PROFILE: Development Experience <br /> <br />
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