Cedar River Tower Apartments

Cedar River Tower is CCA’s first LITHC transaction in Iowa. The property is located in Waterloo IA and consists of 85 one-bedroom apartments contained within one nine-story elevator building that serves elderly and people with disabilities. All units are subsidized by a Project Based Section 8 Contract. The Development team was able to extend the Real Estate Tax Exemption and increase the Section 8 rents to post renovation market levels. The financing structure allowed for over $4.4 Million in renovations.

What Others Are Saying About Us

“RPS engaged CCA in 2005 to assist in the disposition of RPS’s affordable housing portfolio, which consisted of over eighty properties, located throughout the country. The successful conclusion to our portfolio disposition is in large part attributable to Ben and David and their team at CCA. Though faced with a multitude of problems, including properties with extensive deferred maintenance, difficult regulatory agencies and severely distressed financial markets, CCA brought resolutions to our issues that were consistently satisfactory to all parties concerned. The depth and scope of CCA’s expertise in the many facets of the affordable housing industry proved invaluable. It has been a privilege and a pleasure to work with such a group of professionals.”

Patricia Green, RPS Corporation

Cedar River Tower Apartments

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What Others Are Saying About Us