Invest DSM reports record growth and 340 grant-funded projects in Des Moines neighborhoods

The City of Des Moines Council Work Session on April 21, 2025, focused on the progress and future plans of Invest DSM, a nonprofit organization dedicated to revitalizing middle-market neighborhoods in Des Moines. Amber Lynch, the executive director of Invest DSM, provided a comprehensive update on the organization's activities over the past year, highlighting significant achievements and ongoing projects.

Invest DSM, established in 2019, aims to enhance neighborhoods that are neither the most affluent nor the most distressed, thereby preventing decline and fostering investment. Lynch reported that 2024 marked a pivotal year for the organization, with substantial growth in staff and operational capabilities. The team expanded to eight members, including a part-time CFO to manage the increasing complexity of financial oversight.

One of the standout accomplishments was the completion of nearly 340 grant-funded projects, resulting in an impressive $30 million in investments within the year. Since its inception, Invest DSM has facilitated over 1,300 projects, generating more than $76 million in total investments across its special investment districts. The majority of these projects have involved homeowners making improvements to their properties, with a cost-sharing model that encourages community participation.

Lynch also discussed the organization's strategic expansion, noting the addition of two new special investment districts, bringing the total to six. This expansion is part of a broader neighborhood revitalization strategy that includes various grant programs tailored to different property owners. The feedback from residents has been overwhelmingly positive, indicating a strong understanding and utilization of the available programs.

In addition to grant programs, Invest DSM is actively involved in development projects. Lynch highlighted several significant initiatives, including the rehabilitation of historic properties and new infill construction in neighborhoods like Drake and Franklin. These projects aim to increase property values and provide affordable housing options, with a focus on sustainability and energy efficiency.

Despite challenges such as rising construction costs and high interest rates, Invest DSM remains committed to quality over speed in its development efforts. The organization is currently working on several larger redevelopment sites, including plans for a 24-unit condo building and the renovation of historic commercial buildings.

As the meeting concluded, Lynch expressed optimism about the future, noting that the demand for Invest DSM's programs continues to grow. With a robust pipeline of projects underway, the organization is poised to make a lasting impact on the neighborhoods it serves, fostering community pride and investment in Des Moines.