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Council supports two workforce housing tax‑incentive applications, approves 10‑year abatement resolutions
Summary
The Orange City Council approved resolutions supporting workforce housing tax‑credit applications and 10‑year tax‑abatement eligibility for two local developers: Rock Solid Rentals and Wheelinga Properties (both listed in the packet). Staff said projects would have roughly two years to complete construction if awarded by IEDA.
The Orange City Council voted to approve two resolutions supporting local developers’ applications for the Iowa Workforce Housing Tax Credit and for related 10‑year tax abatements. Ryan told the council the applicants are Rock Solid Rentals (packet names Joe Vanderelt and James Corselman) and Wheelinga Properties (packet uses multiple spellings, including Wheeling Brothers and Whailing Brothers). Council members expressed interest in reviewing the city's abatement policy and comparators used by neighboring jurisdictions.
Staff said the city's resolution allows projects of more than three units to seek the 10‑year abatement; if awarded by the Iowa Economic Development Authority (IEDA), applicants generally have two years to complete construction once the award is made. Ryan noted Rock Solid’s four‑unit forplex would likely be sited south of Hillrest and Wheelinga’s application covers multiple four‑unit lots (16 units total across projects in the packet).
Council approved the first resolution for Rock Solid Rentals by roll call and then approved the Wheelinga Properties resolution by roll call. Council members asked staff to gather comparative data on abatement terms and to revisit the city's motel/hotel tax rebate policy at a future meeting.
Next steps: Staff will provide follow‑up information on abatement policy comparisons and monitor any award notifications from IEDA; construction timelines will be determined by awards and permitting.
