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Developer proposes 12 attached, owner‑occupied homes on city lot; council sets hearing to allow option agreement
Summary
Keystone Equity Group presented a plan May 13 for a 12‑unit owner‑occupied workforce housing subdivision called Harrison Court and the council set a public hearing to consider an option agreement that would give the developer site control needed to apply for Iowa workforce housing tax credits.
A private developer asked the Ames City Council May 13 to set a public hearing on selling an undeveloped city parcel for a small, owner‑occupied workforce housing project the developer calls Harrison Court.
Brenda Dreyer of the Ames Regional Economic Alliance and partners with Keystone Equity Group presented a plan for 12 attached owner‑occupied homes (two‑ and three‑bedroom units), engineered as small duplex and triplex buildings to keep per‑unit sales prices below market. The developer estimated sales in the $245,000 to $275,000 range if the city provides the parcel at a nominal price ($1)…
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