During a recent government meeting in Norwalk, Iowa, city officials expressed strong support for a new development project aimed at enhancing the downtown area and providing diverse housing options. The project, which includes upper-story residential units, received enthusiastic backing from both city staff and the Planning Commission, leading to a recommendation for approval.
The council also held a public hearing regarding the rezoning of 729 Jackson Street from Single Family Residential to the Founders Business District. Following the hearing, the council unanimously approved the zoning change, indicating a commitment to fostering business growth in the area.
In addition, the council discussed a resolution to support an application by Hubbell Realty for the Iowa Economic Development Authority's workforce housing tax credit program. The proposed development, Holland Point, aims to incorporate rental townhomes alongside apartment buildings, addressing the need for diverse housing options in light of Norwalk's growing industries. Hubbell Realty representatives highlighted that this initiative aligns with the city's comprehensive plan to attract and retain residents by offering a variety of housing types.
The council's support for the project includes a requirement for a $1,000 per unit match from the city, which will be satisfied through existing tax abatement measures for townhomes. This strategic move is seen as essential for accommodating the workforce needed to support the expanding local economy.