When acquired by Restoration Housing in 2015, 530 Day Avenue was in a complete state of disrepair—floors almost entirely missing, walls bare to the studs, windows boarded up, and unsecured 2x4 pieces of lumbar providing the sole support for the porch roof. It had been last used as a five-unit flophouse and had suffered years of deferred maintenance, sitting vacant for 10 years. Restoration Housing envisioned reducing the overall number of apartments to two spacious units for affordable rental housing while maintaining the appearance of a single-family home.
Before & After
Use the slider below the image to see the before and after.
Acquisition & Rehabilitation Budget
Restoration Housing invested more than $331,000 in 530 Day Avenue using Historic Tax Credit syndication and a low interest loan to cover the costs of rehabilitation.
$53,785 was secured through fundraising
$121,236 was secured from state and federal historic tax credits
$156,356 came from our permanent financing with Pinnacle
Tenant Testimonial
We love our apartment. It’s a lovely living space and it’s huge enough for me and my whole family.
Destiny Chambers
Restoration Housing Tenant
House History
This 1891 Queen Ann home was originally owned by Matthew Carner, owner of Bush & Carner.
Outcomes
Completed in December 2016, two affordable housing units for workforce* families were created from the 3,700 square foot home. Both units feature new kitchens and bathrooms with custom cabinetry, granite countertops, and energy-efficient appliances; in-unit laundry; two porches; large backyard; and off-street parking.