WALLACE, ID – March 18, 2011 – (RealEstateRama) — A senior development will soon be rehabilitated with the help of funding from Idaho Housing and Finance Association (IHFA). IHFA has awarded $1.29 million in Tax Credit Assistance Program (TCAP) funding to Silver Hills Apartments in Wallace. Part of the American Recovery and Reinvestment Act (ARRA), these funds will allow for the rehabilitation of this 24-unit senior complex. Renovations will include replacement of all flooring, cabinets, plumbing, electrical fixtures, and an upgrade to energy efficient appliances for each of the units. Historical elements of the original building will be restored, the brick will be cleaned, and exterior siding and windows will be replaced. The funding also will help them ensure the development is ADA-compliant. Construction is expected to begin in early May, and the project is expected to be completed this fall.
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