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% LIHTC application we plan to submit to Idaho Housing & Finance Association.
Located in Coeur d’ Alene, Idaho, this apartment complex serves the elderly population by providing rent subsidized housing. However, as with most apartment buildings over 40 years old, it is in need of rehabilitation. We hope to provide the funds for rehabilitation by obtaining an award of Low Income Housing Tax Credits.
We wish to express our gratitude to The Bank of America Charitable Foundation for their award of grant funds that will assist us in our efforts for the preservation of this property.