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Iowa City to pilot city‑led 36‑unit affordable housing project using ARPA funds
Summary
Neighborhood & Development staff presented a pilot plan to build up to 36 permanently affordable units on two city‑acquired lots, estimating project cost just under $11 million and relying on multiple funding sources including $2.7M in city pro‑housing dollars; staff said 24 units must be rent‑restricted and the project must be completed by 2029.
Neighborhood and Development Services presented a city‑led affordable housing pilot to the City Council on Jan. 21 proposing development of up to 36 permanently affordable rental units on two city‑acquired lots on North Summit Street.
Tracy Heishew, Neighborhood and Development Services, said the city used ARPA funds to acquire the lots and has hired advisory firm Baker Tilly as a centralized development manager. Heishew estimated the project cost at just under $11 million and said the city committed about $2.7 million in pro‑housing dollars toward the effort. She said the project must be…
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