Iowa Finance Authority allocates funds for Southern Pointe Apartments in Spencer

Mon 3-16-2015 []

(Spencer)-The Iowa Finance Authority has allocated over half a million dollars in Housing Tax Credits and an additional 1 million dollars in Federal Home Funds to Community Housing Initiatives (CHI) to develop Southern Pointe Apartments in Spencer.

Matt Hauge, Director of Marketing and Communications for CHI explains.

Matt Hauge CHI housing cut 1 

He notes that growth in wind energy and other sectors is creating a need for worker housing.

Matt Hauge CHI housing cut 2 

CHI is one of Iowa's largest non-profit affordable housing providers.

For details, contact CHI offices in Spencer or see