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Sioux Center backs Workforce Housing Tax Credit applications from two developers
Summary
The council passed two resolutions supporting local applications to the Iowa Workforce Housing Tax Credit Program — one from Axis Capital for two sets of 32 apartments in Harvest Heights and one from Vision Builders for 24–32 apartments — to provide required local support and match for the state program.
The Sioux Center City Council on April 20 approved resolutions supporting two separate applications to the Iowa Workforce Housing Tax Credit Program.
Assistant City Manager Dennis Dokter told the council that Axis Capital anticipates constructing two sets of 32 apartments in the Harvest Heights development, and Vision Builders anticipates building 24–32 apartments. Both developers indicated they intend to apply for Iowa Economic Development Authority workforce housing tax credits and must include a city resolution of local support and a local match with their applications.
Councilmember Jennifer Vermeer moved and Mark Hulshof supported RESOLUTION SC-R-13-26, which supports Axis Capital’s IEDA application; the roll call vote was Aye from Cory Gotto, Mark Hulshof, Eric Moerman and Jennifer Vermeer and no Nays. Councilmember Cory Gotto moved and Mark Hulshof supported RESOLUTION SC-R-14-26 supporting Vision Builders’ application; the vote recorded the same Aye outcome and no Nays.
Both resolutions provide the formal local support required to proceed with those applications to the state program; details about the proposed local match and project financing were not specified in the meeting minutes.
