Two Oskaloosa Schools to Become Housing

Historic exteriors to be restored by Community Housing Initiatives

Posted by CC on March 16th, 2008 12:42 pm

On March 7, The Oskaloosa Herald reported that Community Housing Initiatives has obtained funding to purchase the Grant and Lincoln schools in Oskaloosa and begin converting them into housing. CHI is a non-profit organization that has rehabilitated a number of historic buildings across the state. They received close to $4 million in low income housing tax credits from the Iowa Finance Authority for the combined project. They also will receive $750,000 for each building through the HOME Fund, a HUD program administered by the Iowa Department of Economic Development. The Grant School is already listed on the National Register of Historic Places, and CHI hopes to register Lincoln School, as well. The project is expected to be completed in 2009.

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