Requests for the city’s support from two builders seeking to use Iowa’s low-income housing tax credits to finance West Des Moines apartment complexes have spurred the City Council to re-evaluate its policy for endorsing such projects.
The city declined to submit letters of support for the builders – Conlin Properties of Des Moines and Equal Development of Carmel, Ind. – but council members said Monday that they plan to consider new criteria for weighing the merits of future tax credit projects.
Currently, only housing developments for senior citizens receive city approval.
“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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