West Des Moines council only supports seniors affordable housing

The West Des Moines City Council voted Monday to continue its policy of issuing letters of support for low-income-housing tax credit projects only when they are aimed at seniors.

 

Requests for endorsements in March from two developers who were considering building affordable-housing apartments in the city were denied by the council. But discussions surrounding those projects spurred the city to re-evaluate its policy of offering letters of support to the Iowa Finance Authority, which oversees the tax credit program.

 

Under the policy adopted Monday, the council will consider supporting only housing complexes designed for residents ages 55 and over. The development must also be operated by a not-for-profit organization.

 

The policy was approved 5-0.

 

“We didn’t identify any real public or community need for additional low-income housing using tax credits,” said Councilman Charles Schneider. “The number of units per capita in West Des Moines is already within the top four municipalities in the metro.”

Read more at DesMoinesRegister.com

 

 

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About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
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