March 18, 2020
Fourmidable, which specializes in managing low income housing tax credit, affordable, market rate, rural development and public housing communities, has entered the Iowa market.
The Bingham Farms, MI-based company was awarded the management contract for three apartment communities in Waterloo, IA, totaling 247 units. This represents Fourmidable’s first properties in the state.
The properties include:
• Camelot Apartments, an 82-unit Project Based Section 8 community for seniors 62 plus, or disabled.
• Crossroads Square, an 81-unit Project Based Section 8 community for seniors 62 plus, or disabled.
• Hotel President Apartments, an historic 84-unit building. Originally designed as a luxury hotel, Hotel President is a layered Project Based Section 8/Low Income Housing Tax Credit property, operated by Huntley Whitmer Development.
“Fourmidable is proud to continue our partnership with Huntley Witmer Development. They are a leader in the development and preservation of affordable housing communities,” said Fourmidable president Michael Schocker.
For comments, questions or concerns, please contact Paul Bubny