The Sioux Center City Council pledged to aid local private developers of two new multi-family housing projects.
The council gave official support to two developers’ applications for state tax credits from a program focusing on affordable housing.
“Sioux Center has identified the need for additional housing and particularly rental housing as one of our priorities,” said Dennis Dokter, Sioux Center economic development director.
“The state of Iowa offers an incentive program through the IEDA. This program is a great opportunity to leverage state tax credit incentives into our local multi-family housing projects. In return, these housing projects will help fill the gap in Sioux Center’s availability of apartments and homes,” Dokter added.
One developer is proposing a new eight-unit apartment complex in the Tall Grass Addition along 12th Street NE.
The second developer is proposing the construction of 20 new town home units in this Tall Grass Addition.
Along with passing a resolution to support the developers’ applications, the city council pledged $1,000 per unit for each project, which is part of the tax incentive application. The projects are only eligible for this city match upon completion.
The city council has previously given support to one developer’s similar application to construct an eight-plex in Sioux Center, which is nearly complete.