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March 18, 2020 Comments Off on Fourmidable Enters Iowa Market with 3-Property Management Contract Views: 848 Iowa, Midwest, National News

Fourmidable Enters Iowa Market with 3-Property Management Contract

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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.

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