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City annual housing report: lots, 'Homes for Iowa' units and a possible $25M rental project
Summary
Ed Maloy presented an annual housing update: five lots purchased, two Homes for Iowa units completed, state workforce housing tax credits applied to units, and developer interest (Kading Properties) in a 125–150-unit rental project requiring incentives including a 10-year tax abatement.
Ed Maloy delivered a year-in-review on housing development and economic initiatives. He said the city bought five lots last year (four from the city, one private) and installed two Homes for Iowa units that were finished in late summer; one home was approaching closing and was priced at $235,000 for a single mother employed locally.
Maloy outlined progress on a new subdivision where underground utilities are complete and street work is planned…
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