Steele Properties continues to monitor the current environment as the situation continues to change and evolve. We are, first and foremost, committed to the health and safety of our residents, team members, vendors, partners and the communities that we own and manage. We have adopted new policies and procedures during this crisis that follow the Centers for Disease Control and Prevention (CDC) recommendations and comply with all state and local government mandates to help reduce the spread of the virus.
Deliveries & Vendors
Steele’s Lakeshore Portfolio is completing renovations. It consists of three Project Based Section 8 properties located throughout the state:
The scope of renovation varies by property and encompasses exterior and interior work as well as energy efficiency upgrades, life-safety upgrades and ADA conversions. Apartment updates include upgraded plumbing and electrical work, paint, wood plank flooring and new doors, as well as kitchen and bathroom updates. The properties are undergoing approximately $35,000 per unit in hard cost work spread across the portfolio.
This project is financed with 4% tax credits allocated by the Wisconsin Housing & Economic Development Authority (WHEDA), tax exempt bond financing provided by WHEDA, and tax credit equity provided by PNC Real Estate.