Iowa Economic Development Authority Workforce Housing Tax Credit Awards - Two Awards in DubuqueCity of Dubuque
City Council
CONSENT ITEMS # 20.
Copyrighted
September 15, 2025
ITEM TITLE: Iowa Economic Development Authority Workforce Housing
Tax Credit Awards - Two Awards in Dubuque
SUMMARY: City Manager sharing information on Iowa Economic
Development Authority Workforce Housing Tax Credit
Awards, with Dubuque receiving two awards totaling $2
million and tying with Council Bluffs for the highest awards.
SUGGUESTED Receive and File
DISPOSITION:
ATTACHMENTS:
1. whtc-awards 09102025
Page 641 of 1171
InWA_
Economic Development
PROJECT TYPE: SMALL'
Workforce Housing Tax Credit Awards
September 11, 2025
Applicant
Project Title
City
County
# of
Units
Total Tax
Credit
Dan Sherman Enterprises LLC
Alburnett Family Housing Project
Alburnett
Linn
6
$219,600
Forge, Inc.
Kouba Development
Anamosa
Jones
20
$699,057
Vision Atlantic, Inc.
Camblin Hills Workforce Housing Project
Atlantic
Cass
10
$381,675
McCarthy Construction, Inc.
Avoca Workforce Patton Street Housing
Avoca
Pottawattamie
6
$216,000
Prairie Place, LLC
Prairie Place Phase 2
Boone
Boone
24
$823,393
TWENTY40 BUILDING CONCEPTS, INC
Dows Agri -Community 15 Single Family
Homes
Cedar Rapids
(outside city limits)
Linn
15
$585,000
Huegerich Holdings Series 2
Central Elementary Residential Conversion
Centerville
Appanoose
20
$591,192
Union Place, L.L.C.
Union Place, L.L.C.
Charles City
Floyd
74
$1,000,000
DHC 1, LLC
Cumming Mixed Use
Cumming
Warren
32
$1,000,000
The Crescent Group, LLC
The Crescent Pointe of Danville
Danville
Des Moines
12
$429,000
Decorah Real Estate GP LLC
Anundsen Building Decorah
Decorah
Winneshiek
9
$208,958
Torkelson Properties, LLC
Eagle Grove Daycare 8
Eagle Grove
Wright
8
$260,998
Park Ridge Rentals LLC
Park Ridge Homes
Edgewood
Clayton
10
$393,048
Vastu Partners LLC
North Campus Ridge Phase 3
Fairfield
Jefferson
15
$533,817
Page 642 of 1171
Applicant
Project Title
City
County
# of
Units
Total Tax
Credit
Fairfield Economic Development Association O/A Grow
Fairfield
Grow Fairfield - 2025 SF Homes
Fairfield
Jefferson
5
$167,219
District 29 Apartments III, LLC
District 29 III
Fort Dodge
Webster
49
$1,000,000
24WF River District, LLC
River District Workforce
Fort Dodge
Webster
24
$874,440
R-Pact Granger 1, L.C.
Prairie Edge Lofts
Granger
Polk
42
$1,000,000
Oakhurst Properties, LLC
Inwood Apartments
Inwood
Lyon
8
$292,260
Main Street Keokuk, Inc.
1114 and 1116 Restoration Project
Keokuk
Lee
2
$49,000
Origin Homes 2025, LLC
Knoxville Phase 3
Knoxville
Marion
5
$199,999
Red Rocks Apts Series II
Red Rocks Residences
Knoxville
Marion
10
$380,250
Axis Capital, LLC
The Ridge Townhomes
Le Mars
Plymouth
40
$1,000,000
Wesley D. Schulte
Manchester Housing Developments
Manchester
Delaware
23
$903,569
Janbur LLC
Manning duplexes
Manning
Carroll
4
$142,500
Flynnland, LLC
Lone Star Apartments
Marcus
Cherokee
8
$289,804
The Kirk MC, LLC
The Kirk Apartments
Mason City
Cerro Gordo
19
$629,254
LPE Development LLC
Briarstone West Townhomes
Mason City
Cerro Gordo
6
$224,100
Next Level Development, LLC
Briarstone West Apartment
Mason City
Cerro Gordo
12
$396,300
JAMC Real Estate Solutions
Rock Creek Ridge — Maxwell
Maxwell
Story
6
$210,750
Front Porch Development, Inc.
Front Porch Homes — Newton
Newton
Jasper
2
$73,980
Oskaloosa Multifamily, LLC
Oskaloosa MF
Oskaloosa
Mahaska
50
$1,000,000
Page 643 of 1171
Applicant
Project Title
City
County
# of
Units
Total Tax
Credit
Origin Homes 2025, LLC
Panora — Dream Acres Housing
Panora
Guthrie
5
$199,999
Van Beek Builders Inc.
Rock Ridge Condo Addition Phase 2
Rock Valley
Sioux
7
$239,820
MK Purple Martin, LLC
Purple Martin, Shelby
Shelby
Shelby
36
$1,000,000
Axis Capital, LLC
CenterView Townhomes
Sioux Center
Sioux
20
$746,520
Waverly Medical Park LLC
Waverly Medical Park LLC
Waverly
Bremer
18
$646,795
HQ Homes, LLC
HQ Homes
Webster City
Hamilton
33
$1,000,000
Wright Capital, LLC
Webster City Downtown Apartment
Development
Webster City
Hamilton
2
$66,624
Parkside Partners .LLC
Parkside Hills Reimagined Phase I
West Branch
Cedar
36
$1,000,000
Big Hand Pepper LLC
Pennington Addition
West Burlington
Des Moines
19
$777,668
TOTALS
752
$21,852,589
Community in the 88 least -populated counties, or community in the 11 most -populated counties that meets both of the following criteria: Population of 2,500 or less, based on 2020 census data, and population
growth of less than 30% as determined by comparing census data from 2010 to 2020.
Page 644 of 1171
PROJECT TYPE: LARGE
Applicant
Project Title
City
County
# of
Units
Total Tax
Credit
Keystone Equity Group, L.L.C.
Harrison Court -Ames
Ames
Story
12
$261,496
Big Hand Pepper LLC
Green Hill Village Housing Addition
Cedar Falls
Black Hawk
16
$334,786
Rose Cottage 2, LC
Rose Cottage 2, LC
Cedar Rapids
Linn
58
$1,000,000
Prairie Rose Rentals Co
Southside Infill Project
Cedar Rapids
Linn
6
$106,800
WE Roost, LLC
West End Roost
Council Bluffs
Pottawattamie
89
$1,000,000
First Avenue Freeze Out, LLC
30th & 1 st Avenue
Council Bluffs
Pottawattamie
145
$1,000,000
Telus Condos LLC
Telus Condos
Des Moines
Polk
32
$644,400
HOAAston LLC
The Aston
Des Moines
Polk
161
$1,000,000
Millwork Flats, L.L.C.
Millwork Flats
Dubuque
Dubuque
76
$1,000,000
Dubuque 5th & Main, LLC
5th & Main Project
Dubuque
Dubuque
102
$1,000,000
Igram Family LLC
Igram Village
Hiawatha
Linn
48
$899,335
Northpark Row LLC
Northpark Rowhomes
Huxley
Story
92
$1,000,000
Sierra Heights, L.L.C.
Sierra Heights
Nevada
Story
138
$1,000,000
Oak Park Estates L.C.
Oak Park Estates — Townhomes
Nevada
Story
4
$90,371
Jordan Street Developers, LLC
Jordan St Lofts
North Liberty
Johnson
96
$1,000,000
Westland Property Management Development, L.L.C.
Remsen Place Subdivision
Sioux City
Woodbury
18
$452,578
Lavi Bay Developments, Inc.
Bay State Block Project
Sioux City
Woodbury
27
$313,127
BNC, LLC
Crescent Park Apartments
Sioux City
Woodbury
36
$690,000
Page 645 of 1171
Applicant
Project Title
City
County
# of
Units
Total Tax
Credit
443 Marengo Road, L.C.
Grove Park Rowhomes Phase I
Tiffin
Johnson
39
$833,100
The Martin Flats, LLC
The Martin Flats on Fourth Project
Waterloo
Black Hawk
2
$49,158
Iowa Heartland Habitat for Humanity
Waterloo Historic Renovation
Waterloo
Black Hawk
6
$90,000
Tarifa Apartments, LLC
Junction Lofts 11
West Des Moines
Polk
14
$289,880
TOTALS
1,217
$14,055,031
z Community in the 11 most -populated counties in Iowa: Black Hawk, Dallas, Dubuque, Johnson, Linn, Polk, Pottawattamie, Scott, Story, Warren and Woodbury.
Page 646 of 1171