|(SEPTEMBER 12, 2012) USDA RURAL DEVELOPMENT AND SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY SUPPORTS PARKVIEW VILLA, INC. APARTMENT REHAB|
|Wagner, SD, Sep 12, 2012
@@USDA Rural Development State Director Elsie M. Meeks, along with South Dakota Housing Development Authority’s Executive Director Mark Lauseng, Scott Doom Contracting, Wagner City officials, the property management team, tenants, and members of the board visited Parkview Villa Apartments today to celebrate the rehabilitation of the multi-family housing complex.
“This is a great example of the federal government supporting local efforts,” stated Meeks. She continued, “I am sure that the current residents and future residents will appreciate the beauty and benefits this renovation brings. I am truly impressed with the outcome. The apartments are beautiful. Congratulations to all who have provided leadership on this effort!”
Parkview Villa Apartments, formerly known as Heritage Court, was a three story multi-family housing project with 12-one bedroom apartments on the 2nd and 3rd floors, 10 apartments on the first floor along with an office, elevator, two public restrooms, a kitchen, dining room, lounge room, and a sun room. The entire project has been renovated converting it from 34 units down to 31 units including 6-two bedroom and 25-one bedroom apartments, roofing, siding, plumbing, electrical, flooring, windows, appliances, and handicap accessibility. The project has experienced vacancy in recent years, but with the renovation and upgrades being made, it is anticipated that is will soon be fully occupied. Rental assistance is also available with this project.
USDA Rural Development provided $190,094 in funding which was leveraged with $1.3 million from a Neighborhood Stabilization Program loan through the South Dakota Housing Development Authority for the repair/renovation of this project.
“This project is instrumental in providing quality, safe and affordable housing for the elderly of our community, housing they have earned and deserve. I am extremely proud of our board, they saw a tremendous need and addressed it head on overcoming numerous obstacles,” said Bryan Slaba, President, Parkview Villa Inc. He added, “By partnering with USDA-RD, SDHDA and Commercial State Bank of Wagner, Parkview Villa Inc., a non-profit corporation, was able to purchase and renovate an aging facility with declining occupancy, creating a thriving sub community with family, friends, and fun”
For additional information on RD projects, please visit Rural Development’s new interactive web map featuring program funding and success stories for fiscal years 2009-2011. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
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. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $172 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.