Nebraska USDA Rural Development State Director Maxine Moul presented a plaque today to the Imperial Housing Authority for Sunrise Apartments #2. The property was selected as being the Most Improved Multi Family Housing Property of the Year in Nebraska.
Sunrise Apartments #2, a 16-unit multi-family housing complex, was constructed in 1978. Revitalization was necessary for the property to remain as a source of safe, sanitary and affordable housing and to also maintain its marketability.
USDA Rural Development provided special servicing and loans through their Multi-Family Housing Preservation and Revitalization Restructuring Program (MPR). Included were a new direct loan of $214,809, and the deferral of payments for the original loan outstanding balance of $63,028 for a 20 year period. A $100,000 grant from the Nebraska Department of Economic Development was also provided.
Because of some major electrical issues involving faulty electrical panels and wiring discovered during the renovations, the project received an additional $80,000 grant from USDA Rural Development. Because of the MPR program, a serious potential fire hazard was identified and eliminated.
Imperial residents are enjoying the improvements. Upgrades completed include siding, windows, upgraded kitchens and bathrooms, interior doors, base heaters, and exterior doors. The old office was converted into a larger laundry room with an Americans with Disabilities Act accessible bathroom. Repair of the parking lots is planned for this summer.
“All apartment interiors were updated, but during the renovations, tenants were not displaced, thus adding an extra element of success to this project,” said Multi Family Housing Specialist Cynthia Ross, USDA Rural Development. “Sunrise Apartments #2 will offer affordable housing needed for the long term in this community.”
Julie Gockley is the Executive Director of Imperial Housing Authority as well as the Manager of Sunrise Apartments #2. She ensures that affordable, decent, safe and sanitary housing is provided in Imperial. Prior to Julie’s hiring as Manager of Sunrise Apartments #2, the vacancy was much higher. Today it has 100% occupancy.
For more information on the Multi Family Rural Rental Housing program, contact Cindy Ross at 308-534-2360 ext. 1131 or at email@example.com.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.