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Council authorizes LOI with Volker Development for affordable housing at 10841 Douglas
Summary
Urbandale approved a letter of intent with Volker Development for a 47–50-unit affordable housing project at 10841 Douglas Ave.; the developer agreed to buy the city property for $750,000, invest about $17.5 million, and preserve affordability for 50 years. Council also authorized rezoning steps and limited TIF support for tenant services.
Urbandale’s City Council voted to authorize a letter of intent (LOI) with Volker Development to advance an affordable housing redevelopment at 10841 Douglas Avenue.
Assistant City Manager Curtis Brown told the council the city’s RFP required units at or below 60% of area median income, a focus on two- and three-bedroom units, and at least 20 years of affordability. Brown said staff selected Volker after an internal review of seven proposals and that the LOI sets the mutual expectations ahead of a purchase and development…
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