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Workforce Housing BrochureCity of Dubuque City Council ITEM TITLE: SUMMARY: SUGGUESTED DISPOSITION: ATTACHMENTS: Copyrighted September 2, 2025 CONSENT ITEMS # 13. Workforce Housing Brochure City Manager providing a copy of a brochure highlighting workforce housing. Receive and File 1. Workforce Housing in Dubuque - August 2025 Page 170 of 629 WORKFORCE HOUSING FOUNDATIONS FOR THE FUTURE r I THE CN�abE D Masterpiece on the Mississippi What is "workforce housing?" * RIVERFRONT LIVING Workforce housing is generally defined as housing for which the occupant 1 COMING SOON! is paying no more than 30% of their gross income for housing costs, including utilities. The Union at the Marina is a $55.1 million workforce housing community project How does workforce housing support the under construction at 2660 Kerper Blvd. in community? Dubuque. The property was purchased and being Supports Workforce Retention and Attraction developed by The Annex Group as part Workforce housing allows essential workers just starting their careers —such of a development agreement with the as teachers, nurses, public safety personnel, retail workers, and service City of Dubuque after the property was employees —to live in the community they serve. Without affordable vacant for over 10 years. This is The Annex housing, these workers may be forced to live farther away, leading to longer Group's fifth development project in Iowa. commutes, increased absenteeism, and difficulty filling local job vacancies. Union at the Marina will feature two, four - Boosts Local Spending story buildings with a total of 201 units: When residents spend less on housing, they have more disposable income 85 one -bedroom units, to spend at local businesses, which strengthens the city's economy. This 79 two -bedroom units, and increases sales tax revenues and supports small businesses that are often 37 three -bedroom units. the backbone of smaller communities. Amenities will include a playground, Encourages Economic Development community center, fitness center, Local businesses considering expansion or new businesses coming to a picnic area, dog -walking area, and community assess the availability of workforce housing. A lack of it can be on -site property management. The a barrier to retaining existing employees or attracting new employees, as it apartments are adjacent to Sutton impacts both their current and future workforce. Pool and AY McDonald Park, on a Jule bus route providing easy access to Workforce Housing Improves Quality of Life groceries and healthcare, within walking Stable workforce housing improves health outcomes, educational distance of hundreds of good -paying job performance, and employment stability. opportunities, and have beautiful views of the Mississippi River. Promotes Neighborhood and Community Stability Workforce housing also creates an opportunity for elderly people living Construction is expected to be in nearby neighborhoods to consider selling their homes and still have completed by fall of 2026. an affordable place to live in the neighborhood being close to their lifelong friends, children, and grandchildren. Workforce housing supports See page 2 for additional details and homeownership and long-term renting, which helps build stable income limits. neighborhoods, and increases civic engagement. Page 171 of 629 Why is workforce housing needed? A 2022 workforce housing study commissioned by Greater Dubuque Development Corporation showed Dubuque needed at least 1,100 housing units by 2030 to support the workforce expansion needs of existing businesses. The City Council approved expanded financial incentives in 2022 to support more housing development. Who is eligible for workforce housing? Examples of professions that may qualify for workforce housing based on their starting income: • Teachers • Nurses, CNAs, and healthcare support staff • Police Officers and Firefighters • Retail and service workers • Childcare workers • Construction laborers • Hospitality and food service employees • Entry-level office/administrative staff Workforce housing can also be an opportunity for seniors and empty nesters to transition from their homes to an apartment while staying in their neighborhood, creating first-time home ownership opportunities. It also provides young people starting their careers with an option to move out of their parents' home. Income limits for tenants vary by location and are based on Median Family Income estimates and Fair Market Rent area definitions for each area. The income limits for Union at the Marina are: Household Size Max. Income based 60% AMI (183 units) ',• •1 on Max. Income based on 50% AMI (9 units) • 1 Max. Income based on 70% AMI (9 units) 1 1 Union at the Marina Unit Floor Plans 1 BR 2BR 3BR For information on Union at the Marina, visit www.theannexgrp.com/contactus THE CITY OF Over the last several years, nearly 400 workforce housing DU units have been constructed or are currently under B E construction throughout the community. Masterpiece on the Mississippi