DEVELOPER INFO:Iceberg Development is owned and operated by Jim Bergman, an attorney and CPA who has completed more than 35 LIHTC projects since 1991. Other projects include (I) Thomas Place Glenview in Illinois with 144 independent units for seniors (including 36 market-rate units) (ii) Hometown Harbor in Bettendorf Iowa, an assisted living development providing a total of 110 units for senior occupancy with extensive, optional supportive services (iii) Crown Hill Estates in Gulfport, Mississippi, a three-phase development providing a total of 335, 1,700 square foot single family homes which includes the development of all of the infrastructure for the 150 acre subdivision (iv) Thomas Place Fox Lake, Waukee and Bettendorf consisting of 1 independent elderly project in each of said communities totaling 336 units and (v) Gardiner Place and River Haven homes in East Dundee, IL with 148 of senior and family units.
PROJECT INFO:The 3 story, 50 unit elevator building includes one and two bedroom apartments. Some of the building’s amenities include a security system, bike racks, storage units, free internet, and free parking. Residents will also enjoy a community room, media room, leasing office, outdoor space for picnics, a fitness center and laundry facilities within their units. Created for seniors aged 55 and older, the building encourages a community among residents while allowing them to live independently as they age. 45 of these units will be available for residents whose AMI (area median income) is between 30%-60% and 5 will be unrestricted market rate units.