Developer submits plans for 92-unit market rate housing in Cedar Rapids

The Cedar Rapids City Planning Commission meeting on April 3, 2025, focused on a proposed housing development aimed at addressing the local need for market-rate workforce housing. The project, which includes two three-story buildings with a total of 92 units, is set on a 3.9-acre site along Stone Creek Road.

The developers outlined their plans to ensure compliance with city codes, including adequate parking and setbacks from nearby structures. They emphasized collaboration with city staff and market studies that indicate a strong demand for housing to support local manufacturing and businesses.

The timeline for the project includes submitting plans to the Iowa Economic Development Authority for tax credits by June 10, with expected approval in mid-August. If approved, construction could begin in the fall, with an estimated completion time of 14 to 18 months, depending on weather conditions.

The development aims to blend with the existing neighborhood, featuring a design that reflects the surrounding area. Amenities will include a community center, fitness center, dog park, and a tot lot, all managed by RPM Property Management. The developers also assured that stormwater management plans are in place to handle runoff effectively.

Overall, this project represents a significant step towards meeting Cedar Rapids' housing needs and enhancing the community's living environment.