Cottage View Terrace

Type:

Multi-Family Rental

Status:

Construction Complete – Placed in Service 2001

Budget:

$13,500,000+

Financial Sources:

Low Income Housing Tax Credits
Tax Exempt Bonds
IHDA Trust Fund
FHA First Mortgage


Cottage View Terrace consists of 97 units of senior housing located on the 4800 block of Cottage Grove. Cottage View Terrace was constructed on a City owned site that had remained vacant for over 30 years and was environmentally impacted by past uses (and which was fully remediated by The Davis Group). This building serves market rate residents and those at 30-60% of Area Median Income. There are 65 one bedroom units and 32 two bedroom apartments.