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City signs MOU with AREA to seek developer for small workforce-housing pilot on Harrison/Welbeck lot
Summary
The council approved a memorandum of understanding with the Ames Regional Economic Alliance to identify a developer for a small (8–12 unit) workforce-housing project on a city-owned lot at Harrison and Welbeck. The approach aims to use Iowa workforce-housing tax credits and the city’s lot contribution or abatement as local match.
The City Council approved a memorandum of understanding with the Ames Regional Economic Alliance (AREA) to recruit a developer for a small owner-occupied workforce housing pilot on a city-owned parcel at the Harrison and Welbeck Avenue intersection. The MOU authorizes AREA to serve as the city’s contact to seek a developer with the intent to use the state workforce housing tax credit program and local incentives.
Key ele…
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