We are excited to share the positive impact that our recently closed properties, Americana Apartments and Monterey Park Senior Village, will have through their rehab transformations! Thanks to the efforts of Steele Properties LLC and AMG & Associates, these communities are set to enhance affordable housing options for seniors in South Dakota and California. Key highlights of these developments: - 194 new job opportunities will be created - A significant $3.7 million in local income is expected annually, with $12.2 million projected in the first year - Annual tax savings of $683.6k are estimated, with $1.3 million anticipated in the first year Monterey Park Senior Village will offer a range of supportive services, including case management, adult education, health & wellness programs, and skill-building classes. The community is dedicated to providing individualized health and wellness services to enrich the lives of its residents. Stay tuned for more updates on the progress and positive outcomes of these revitalized communities! #AffordableHousing #SeniorLiving #CommunityDevelopment #EconomicImpact #SupportiveServices
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STEELE PROPERTIES ADDS 2ND PROPERTY TO ALASKA PORTFOLIO WITH $11.3M ACQUISITION AND REHABILITATION OF CHENANA APARTMENTS IN FAIRBANKS
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STEELE PROPERTIES CLOSES LOW-INCOME HOUSING TAX CREDIT TRANSACTION FOR GLENNPARK VILLAGE
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Steele Properties in partnership with Colorado Housing and Finance Authority closes LIHTC transaction for Weatherstone Apartments