Silver Creek Apartments Celebrates Ribbon Cutting

Congratulations to Community Development Inc. (CDI) for the completion of the Silver Creek Apartments!  A ribbon cutting ceremony was held on February 15, 2012 to mark this well-needed senior housing project located in Post Falls, Idaho.Post Falls ribbon

Silver Creek Apartments consist of 42 units – one, two, and three bedrooms.  The apartments are in a three story building that has an elevator. All units have washer-dryer hookups, plus there’s a community laundry room on every floor. The complex also includes a community center with a fireplace, carports, walking paths, green space and a small “tot lot” for children.  The units are age restricted to 55 years or older earning 40% to 50% of the area median income.

UCRC has committed $660,000 term financing to Silver Creek Limited Partnership and anticipates a loan closing in September 2012.