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Urbandale staff recommends Volker Development for 50‑unit affordable housing at 10841 Douglas
Summary
Assistant City Manager Curtis Brown told the council staff recommends Volker Development to build a 50‑unit, mixed‑bedroom affordable housing project at 10841 Douglas Avenue, estimating a $17.5 million budget, a $750,000 land purchase offer and a 5‑year sliding‑scale TIF; council will consider a resolution and letter of intent Nov. 18.
The Urbandale City Council heard a staff recommendation to advance Volker Development’s proposal for a 50‑unit affordable housing project at 10841 Douglas Avenue, the city‑owned former Econo Lodge site.
Assistant City Manager Curtis Brown said the city received multiple proposals after a Sept. 2 RFP and that Volker — a developer headquartered in Fond du Lac, Wisconsin — rose to the top after staff vetting and consultations with the Iowa Finance Authority and Polk County Housing Trust Fund. “The Volker project is 50 units, affordable at the 40–50% AMI level,” Brown said, listing 110 total bedrooms and an approximate construction budget of $17,500,000. He said Volker is offering…
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