04.11.11
Novogradac Journal of Tax Credits reports on Riverside Plaza rehab
Novogradac Journal of Tax Credits
"Riverside Plaza Apartments' colorful exterior represents a colorful past. The apartment complex was the first phase of a U.S. Department of Housing and Urban Development (HUD) revitalization program known as New Town-In Town, which planned to create a 12,000-unit mixed income "utopian village" in MInneapolis, iInn.'s Cedar-Riverside neighborhood. It was also the fictional home of Mary Tyler Moore's character in later seasons of the Mary Tyler Moore Show. Yet, within a few years of its 1973 completion, the development had fallen on hard times. HUD had scrapped the New Town plan. The development faced water shutoffs, rent strikes and mortgage defaults. In 1988, Sherman Associates and others used the nascent low-income housing tax credit (LIHTC) program to acquire the development. Twenty three years later, Riverside Plaza is poised for a comeback..." View Novogradac Website » Learn more about Riverside Plaza »04.24.24
Sherman Associates scores 3 Real Estate Awards from the Minnesota Real Estate Journal
Sherman Associates brought [...]
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04.12.24
Hello Iowa: Start Fresh with Clean Slate at Community for Active Adults
Featuring Allison Shaw, Regional Director of Operations [...]
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03.25.24
La Madre to bring Mexican cuisine to the Mill District
The restaurant with patio will be located at Sherman Associates [...]
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