Blog | Affordable Housing | Northwest Real Estate Capital Corp.

May22023

Addressing a lack of affordable housing in Teton County

Addressing a lack of affordable housing in Teton County By Benjamin Cushman, Idaho Housing and Finance Association Reference link: https://www.idahohousing.com/blog/addressing-a-lack-of-affordable-housing-in-teton-county/ With its amazing views of the Teton mountains, easy access to the great outdoors and world-class skiing at their doorstep, it’s easy to see why people would want to call the city of Driggs home.…

May132022

Depot Square housing project breaks ground

Depot Square housing project breaks ground By Connor Shea Link: Depot Square housing project breaks ground | Driggs | tetonvalleynews.net After years of planning and administration, the City of Driggs hosted a groundbreaking ceremony on May 6th for the Depot Square Low Income Housing Tax Credit project. The building, located on Front St. between…

Aug112020

Valor Pointe Opens Its Doors to Community’s Veterans Experiencing Homelessness

BOISE – Community leaders and partners from across the valley gathered virtually today to celebrate the grand opening of Valor Pointe, a 27-unit apartment complex offering health care, mental health counseling and substance use treatment to our community’s veterans experiencing chronic homelessness. Located at 4203 West State Street, Valor Pointe includes 27 one-bedroom, one-bathroom units,…

Jun22020

New Affordable Rental Housing Coming to Alamosa

ALAMOSA – For the first time in 19 years, a new affordable rental housing development supported with Low Income Housing Tax Credits (LIHTC) will be built in the San Luis Valley. The Iron Horse, developed by Northwest Real Estate Capital Corp. (NWRECC), will be located in Alamosa and offer 40 new apartments with affordable rents…

Northwest Passage Financing Closes and Construction Commences!

We are pleased to announce the commencement of construction for Northwest Passage. Northwest Passage is a new construction multifamily apartment complex located just off Main Street in Donnelly, Idaho that will provide housing for 36 families. As planned, this 2 building complex will provide mixed income housing for residents of Valley County, including 32 Low…

Trailwinds Apartments

We are pleased to announce the completion of construction of the Trailwinds Apartments, located in Garden City, Idaho. This is the culmination of our first development effort with VCD, LLC and is Northwest’s fourth new construction development project. The 64 units offered at this location provide much needed affordable housing inventory in the Boise-Nampa Metro…

Trailwinds Apartments Financing Closes and Construction Commences!

We are pleased to announce the commencement of construction for Trailwinds Apartments. Trailwinds is a new construction project located at 417 E. 42nd Street in Garden City, Idaho that will provide housing for 64 families. This planned 3-story building with elevator and interior corridors will provide 57 Low Income Housing Tax Credit (“LIHTC”) units and…

High Valley Estates Rehabilitation Completion

We are pleased to announce the completion of rehabilitation of the High Valley Estates, located in Klamath Falls, Oregon. This is the 23rd project that we have successfully rehabilitated in the state of Oregon, and our 32nd rehab project overall. This preservation of 36 units subsidized by HUD will ensure this property remains in the…

The Bank of America Charitable Foundation Award!

We are pleased to announce the receipt of a $2,000 grant awarded to Northwest Real Estate Capital Corp. by The Bank of America Charitable Foundation. These funds were awared to assist in covering the cost of property reports for Coeur d’ Alene Manor Apartments. The property reports are a necessary component for a competitive 9%…

Mill Creek Apartments has been awarded a Resident Service Coordinator grant

HUD has announced the fiscal year 2012 Resident Service Coordinator grants. NWRECC has been awarded a grant totaling $160,461 for Mill Creek Apartments located in Lewiston, Idaho. This grant will allow NWRECC to hire a Resident Service Coordinator at Mill Creek to assist our senior and disabled residents by identifying and providing the critical support…

High Valley Estates Rehabilitation Has Begun!

We are pleased to announce the commencement of rehabilitation of the High Valley Estates Apartments, located in Klamath Falls, Oregon. This will be our 19th rehabilitation project in the state of Oregon, and our 32nd rehab project in the Pacific Northwest. Our acquisition and rehabilitation of this 36-unit family property will preserve another project with…

Crestview Court Apartments Rehabilitation Completion

Completion of the Crestview Court Apartments rehab project was achieved, on schedule, in December 2012. Construction began immediately after closing on March 15, 2012 and was substantially complete by December 20, 2012. A ribbon cutting ceremony will be held in March 2013 to celebrate the completion of the rehab with our Crestview Court families and…

Pioneer Square Apartments rehabilitation completion.

NWRECC is pleased to announce the completion of rehabilitation of the Pioneer Square Apartments, located in Boise, Idaho. This is the 13th project that NWRECC has successfully rehabilitated in the state of Idaho, and our 30th rehab project overall. The acquisition and rehabilitation of this property was a critical accomplishment for the preservation the 43…

Crestview Court Apartments rehabilitation starts.

Northwest Real Estate Capital Corp. is pleased to announce the commencement of rehabilitation of the Crestview Court Apartments, located in Beaverton, Oregon. This will be our 18th rehabilitation project in the state of Oregon, and our 31st rehab project in the Pacific Northwest. Our acquisition and rehabilitation of this 48-unit family property will preserve another…

Mill Creek Apartments rehabilitation complete.

NWRECC is pleased to announce the completion of rehabilitation of the Mill Creek Apartments, located in Lewiston, Idaho. This is the 12th project that NWRECC has successfully rehabilitated in the state of Idaho, and our 29th rehab project overall. The acquisition and rehabilitation of this 41-unit property includes a manager’s unit and 40 units subsidized…

Windwood Apartments has its Grand Opening after being rehabilitated.

NWRECC is pleased to announce the completion of rehabilitation of the Windwood Apartments, located in Jerome, Idaho. This is the 11th project that NWRECC has successfully rehabilitated in the state of Idaho, and our 28th rehab project overall. The acquisition and rehabilitation of this 30-unit HUD subsidized family property utilized competitive 9% LIHTC, construction and…

Payette Plaza Apartments opens the newest Neighborhood Network Center

We are pleased to announce The Grand Opening of our newest Stepping Stones computer learning center. This affordable housing community is located in Payette, Idaho and is sponsored by Idaho Senior Health Insurance Benefit Advisers (SHIBA). Our learning center is a certified Medicare site. Certified counselors will provide assistance to elderly persons within the Payette,…

Burrell Street Station Apartments opens a Neighborhood Network Center

We are pleased to announce The Grand Opening of Burrell Street Station Apartments’ Neighborhood Network Center. This low income senior and disabled community is located in Lewiston, Idaho and is sponsored by Idaho Senior Health Insurance Benefit Advisers (SHIBA). Certified counselors provide assistance to our elderly within our Lewiston community with Medicare, Medicare supplements, Long…

Franklin Grove Apartments has been awarded a Resident Service Coordinator grant

NWRECC takes another step forward! HUD has announced the fiscal year 2009 Resident Service Coordinator grants. NWRECC has been awarded a three year Service Coordinator grant totaling $147,839 for Franklin Grove Apartments located in Boise, Idaho. This grant will allow NWRECC to hire a Resident Service Coordinator at Franklin Grove Apartments to assist our senior and disabled…

Franklin Grove Apartments opens a Neighborhood Network Center

We are pleased to announce The Grand Opening of Franklin Grove Apartments’ Neighborhood Network Center. The Franklin Grove computer learning center is Idaho’s newest and largest HUD Neighborhood Network. It has 10 new computers with DSL which can help lower-income senior, disabled and veteran families reach their goals and achieve economic self-sufficiency through education. Our…

Treehouse Apartments opens a Neighborhood Network Center

We are pleased to announce The Grand Opening of Treehouse Apartments’ Neighborhood Network Center. Sometimes big opportunities come in small packages! The Treehouse computer learning center provides three brand new computers and a world of opportunity for our residents! Job training and resume workshops Computer classes Microsoft Word and Excel classes Typing classes Building Wealth…

NWRECC/Tamarack Merger

We are pleased to announce the acquisition/merger of Northwest Real Estate Capital Corp. and Tamarack Property Management Company Headquartered in Billings Montana. Tamarack Property Management Company has been in existence for over 20 years and is a well respected property management company operating in Montana, Utah, and Wyoming. Tamarack fee manages affordable housing, including HUD, RD and…

Wylie Street Neighborhood Network Grand Opening

Wylie Street Station opens its computer center. The largest Neighborhood Network in the State of Idaho, the computer center will have 7 computers all connected to the internet. It will be staffed with a center director to work with our residents to help them develop skills that will help them to become self-sufficient. Internet classes…

Residents Get Financially Fit in 2008

NWRECC and Wells Fargo Launch Financial Education Programs Residents In Alaska, Oregon and Idaho will be getting financially fit this new year, as they learn money skills they need for life through a program called “Hands on Banking” provided by Wells Fargo. This free program provides classes for Kids (4th-5th grade), Teens (6th-8th grade), Young…

July 25th, 2007

A new version of the website http://www.nwrecc.org/ has been launched. The site features a redesigned layout and color scheme, the addition of the Northwest Real Estate Capital Mission Statement, and some improved search features with Google Maps integration. In addition the relevant links have been expanded to include the AMHA organizations that NWRECC is affiliated…

April 23rd, 2007

NWRECC was recently awarded a three year Resident Service Coordinator Grant for $125,148.00 for Burrell Street Station. This grant will allow NWRECC to hire a service coordinator. Our new Service Coordinator will be starting on April 30! NWRECC is currently developing Resident Service Plans and Management Plans for the Oregon properties that are in conjunction…