Cedar River Tower

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YEAR BUILT
1900
number of units
0

Cedar River Tower, constructed in 1985 by Local 46 of the United Food and Commercial Workers Union, is a nine-story high-rise complex comprised of 85 one-bedroom units. The building offers apartments to low-income residents who are either disabled or more than 62 years old. All units are operated under a Section 8 Housing Assistance Payment (HAP) contract.

Cedar River Tower sits on one acre of land at 106 East 3rd Street, and is located just blocks away from numerous businesses, retailers and restaurants in downtown Waterloo.

Foundation Housing, in collaboration with Chesapeake Community Advisors (CCA), acquired Cedar River Tower from Cedar River Renewal LLC in 2020. This transaction was a Low-Income Housing Tax Credit (LIHTC) acquisition with a 9% LIHTC allocation from the Iowa Finance Authority.

Foundation Housing carried out a number of important improvements to the building after acquiring the property including to the community room, laundry rooms, HVAC system, roof, and all tenant apartments.

Cedar River was the first property acquired by Foundation Housing in the state of Iowa.

Dave heads up the maintenance team at Cedar River. The property has several gardens that Dave maintains with the assistance of residents.
Dave heads up the maintenance team at Cedar River. The property has several gardens that Dave maintains with the assistance of residents.
Cedar River permits residents to have pets.
Cedar River permits residents to have pets.
There is a dog run available for pets, so that dogs can get outside and get exercise.
There is a dog run available for pets, so that dogs can get outside and get exercise.
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Resident joy sitting outside Cedar River Tower on nice days.
Resident joy sitting outside Cedar River Tower on nice days.
Resident joy sitting outside Cedar River Tower on nice days.
Resident joy sitting outside Cedar River Tower on nice days.
Resident joy sitting outside Cedar River Tower on nice days.
Resident joy sitting outside Cedar River Tower on nice days.
Lonnie wakes up early to make coffee for the residents of Cedar River.
Lonnie wakes up early to make coffee for the residents of Cedar River.
The Community Room at Cedar River is a popular gathering place for residents.
The Community Room at Cedar River is a popular gathering place for residents.
The Community Room at Cedar River is a popular gathering place for residents.
The Community Room at Cedar River is a popular gathering place for residents.
Dave, with the management team at Cedar River, checks in on a resident.
Dave, with the management team at Cedar River, checks in on a resident.
The Cedar River Tower Office is a busy place.
The Cedar River Tower Office is a busy place.
Laundry Rooms at Cedar River Tower were updated as part of the improvements made at the property by Foundation Housing.
Laundry Rooms at Cedar River Tower were updated as part of the improvements made at the property by Foundation Housing.
A community gym was built at Cedar River Tower as part of the improvements made at the property by Foundation Housing.
A community gym was built at Cedar River Tower as part of the improvements made at the property by Foundation Housing.
A community gym was built at Cedar River Tower as part of the improvements made at the property by Foundation Housing.
A community gym was built at Cedar River Tower as part of the improvements made at the property by Foundation Housing.
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