West Des Moines will not submit letters of support for two builders who hope to use Iowa’s low-income housing tax credits to finance apartment complexes in the city.
The two developers — Conlin Properties, of Des Moines, and Equal Development, of Carmel, Ind. — said an endorsement by the city would improve their chances of receiving the state funds. Conlin Properties has proposed a 177-unit complex at Stage Coach Drive and 68th Street. Equal Development is planning a 56-unit building at 81st Street and E.P. True Parkway.
In the past, the board has issued statements of support only for low-income senior housing developments. A new policy is needed to determine the merits of other tax credit projects, council members said at their Monday meeting.
“I think we need some discussion on this issue before we start deciding which low-income housing tax (credit) programs are going to receive a letter of support and which don’t,” said council member Charles Schneider. “This is a new issue for us. It deviates from our current policy.”
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