Search form Search ABOUT HORIZON SERVICES PROJECTS CLIENTS SAY NEWS CONTACT CAREERS PLAN ROOM Applewood IV Senior Apartments 3275 Pennsylvania Ave. Dubuque, IA 52001 Previous Next Nov 2017 Project Type: Residential Horizon's Role: Developer General Contractor Property Management Project Attributes: Residential Senior Tax Credit Iowa Applewood IV is the fourth phase of affordable senior housing along Pennsylvania Avenue on Dubuque’s west side. Horizon teamed with Midwest Affordable Housing Corporation to open the two-story, 60-unit community in October 2017. Successful lease-up and occupancy at Applewood I, II, and III, as well as continued market demand for affordable housing, prompted Horizon to evaluate and ultimately advance the fourth phase of housing. Horizon’s experience in layered financing proved valuable in ever-changing construction and financing markets. The project applied for and received an allocation of affordable housing tax credits through Iowa Finance Authority which, upon sale, funded nearly 70% of the total project cost. Debt financing was pursued but a funding gap remained, creating a need to pursue additional financing. The team applied for and received funding through the Federal Home Loan Bank of Des Moines Affordable Housing Program and approached the City of Dubuque for support in creating an Urban Revitalization Area that ultimately helped finance the project. Through creative financing and these beneficial programs, Horizon and its partners could fully fund the Applewood IV project and provide additional quality, affordable housing to residents of Dubuque. Applewood IV includes spacious one and two-bedroom unit layouts, with apartment sizes ranging from 650 to 1,035 square feet. Residents enjoy heated underground parking, storage lockers, clubroom with kitchen for social events, a fitness center and beauty salon. The new facility is Energy Star 3.1 Certified. Projects Project Type Hospitality & Resorts Industrial Retail Residential Residential Family Residential Senior Condominium Mixed Use Office Renovation Planned Neighborhood Horizon's Role Project Attributes News Read All News Aug 2021 Bayview breaks ground in Madison, WI Jul 2021 Springs at Lily Cache Creek Grand Opening Continental Properties announced the groundbreaking of Springs at Lily... Apr 2021 $22 million affordable senior apartment project breaks ground in Wauwatosa MILWAUKEE, WI (Sean Ryan) - Horizon Development Group Inc. locked in... Apr 2021 Affordable Senior Apartments and Family townhomes breaks ground in April 2021. Wauwatosa, WI – Horizon Construction Group, Inc. broke ground earlier this... Apr 2021 Low-income residents help shape what could be one of the coolest places to live in Madison MADISON, WI (Dean Mosiman) - After 50 years, the nonprofit Bayview... Social Media HOME ABOUT HORIZON - COMPANY HISTORY - VISION - PRINCIPALS - PROFESSIONAL AFFILIATION - QUALIFICATIONS - COMMUNITY SUPPORT SERVICES - DEVELOPMENT - DESIGN ASSIST - DESIGN BUILD - CONSTRUCTION - PROPERTY MANAGEMENT - GREEN INITIATIVE PROJECTS CLIENTS SAY NEWS CONTACT US CAREERS TO VIEW AVAILABLE APARTMENTS: HORIZON SENIOR HOUSING - APARTMENT HOMES FOR THOSE 55+ & 62+ HORIZON APARTMENT HOMES - APARTMENT HOMES FOR ANYONE MADISON OFFICE (CORPORATE) - PH: (608) 354-0900 MILWAUKEE OFFICE - PH: (414) 541-3900> DUBUQUE OFFICE - PH: (888) 280-1188