rural rental housing loan

Parkview Apartments, Inc. in Arlington, South Dakota, is a nonprofit organization that consists of nine buildings. The first building on this project was built in 1964 and the other buildings were later added in the 1970s.  The project had seen an increase in vacancy rates prior to the renovation.  Today, with USDA funded upgrades, they hope to increase the occupancy rate.

USDA Rural Development has partnered with South Dakota Housing Development Authority to fund rehab including reducing the number of units from 42 to 35, resulting in 14-one bedroom, 20-two bedroom, and one-three bedroom to better serve the needs of families in the area, along with roofing, siding, plumbing, electrical, flooring, windows, appliances, and handicap accessibility.

About 85 years ago, the leaders and generous residents of Pittsburg, Kansas rallied to build the Besse Hotel in the city’s quickly developing downtown district.  The structure was a 13-story grand dame that catered to business travelers and visitors for decades with a grand ballroom, upscale restaurant as well as beautiful guest rooms.

However, after more than 50 years, the structure fell into disrepair and became a blight on Pittsburg’s downtown.