$35.9 Million in Workforce Housing Tax Credits to Boost Projects Across Iowa, Including Atlantic, Avoca, Shelby and Panora

(Des Moines) The Iowa Economic Development Authority (IEDA) today announced $35.9 million in workforce housing tax credits to support development in 36 counties across the state.

The awards will fund 63 projects expected to create nearly 2,000 new residential units — 1,217 in large communities and 752 in smaller towns.

Here in Southwest Iowa, the total tax credit of $381,675 will go to Vision Atlantic. Vision Atlantic Inc., a local nonprofit, will add 10 duplex-style homes in the Camblin Hills development.

–McCarthy Construction in Avoca, (total tax credit $216,000) for the Avoca Workforce Patton Street Housing. (6 units)

–Origin Homes 2025, LLC, (total tax credit $199,999) for Panora- Dream Acres Housing (5 units)

–MK Purple Martin, LLC (total tax credit $1,000,000) for Purple Martin, Shelby (36 units)

–WE Roost, LLC, (total tax credit $1,000,000) for West End Roost, Council Bluffs (89 units)

–First Avenue Freeze Out, LLC (total tax credit $1,000,000) for 30^th & 1^st Avenue, Council Bluffs (145 units)

The Workforce Housing Tax Credit program supports projects that redevelop abandoned, vacant or deteriorated properties. For more information about the program, visit iowaeda.com/workforce-housing-tax-credit.