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Support for Workforce Housing Tax Credit Applications for Downtown Housing Development Copyrighted May 18, 2026 City of Dubuque CONSENT ITEMS # 18. City Council ITEM TITLE: Support for Workforce Housing Tax Credit Applications for Downtown Housing Development SUMMARY: City Manager recommending City Council approval of the individual resolutions of support for Workforce Housing Tax Credit Applications to the lowa Economic Development Department being submitted by multiple developers for redevelopment of five properties in Dubuque. RESOLUTION Supporting the Submission of an lowa Economic Development Authority Application to the Workforce Housing Tax Credit Program by Wilson House Apts, LLC RESOLUTION Supporting the Submission of an lowa Economic Development Authority Application to the Workforce Housing Tax Credit Program By 1301 Central, LLC RESOLUTION Supporting the Submission of an lowa Economic Development Authority Application to the Workforce Housing Tax Credit Program by Dubuque and Jackson County Habitat For Humanity SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. MVM Memo Resolutions of Support for Workforce Housing Tax Credit Applications for powntown Housing Development 2. Staff Memo 3. Resolution - Wilson House - 1243 Locust 4. Resolution - 1301 Central 5. Resolution - Habitat for Humanity Page 531 of 890 Dubuque THE CITY OF � uhA�eMa cin DuB E ; . � , I � � I. Maste iece on the Mississi t 2oo�•zoiz•zois �P Pp zoi�*zoi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolutions of Support for Workforce Housing Tax Credit Applications for Downtown Housing Development DATE: May 13, 2026 Economic Development Director Jill Connors is recommending City Council approval of the individual resolutions of support for Workforce Housing Tax Credit Applications to the lowa Economic Development Department being submitted by multiple developers for redevelopment of five properties in Dubuque. Wilson House Apts, LLC (1243 Locust Street) 1301 Central, LLC (1301 Central Avenue) Dubuque and Jackson County Habitat for Humanitv (Wood Street) I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jill Connors, Economic Development Director Page 532 of 890 Dubuque Economic Development Department THE CITY OF ' ' 1300 Main Street All•Ame�ica City Dubuque,lowa 52001-4763 U� � `��x..,�i�nx ii�:� Office(563)589-4393 , � ► TTY(563)690-6678 � http://www.cityofdubuque.org 2007*2012*2013 Masterpiece on the Mississippi 2oi�*zoi9 TO: Michael C. Van Milligen, City Manager FROM: Jill M. Connors, Economic Development Director SUBJECT: Resolutions of Support for Workforce Housing Tax Credit Applications for Downtown Housing Development DATE: May 11, 2026 INTRODUCTION This memorandum presents for City Council approval individual resolutions of support for Workforce Housing Tax Credit Applications to the lowa Economic Development Department being submitted by multiple developers for redevelopment of five properties in Dubuque. BACKGROUND The lowa Workforce Housing Tax Credit program provides tax benefits to developers to provide housing in lowa communities, focusing especially on those projects using abandoned, empty, or dilapidated properties. Total program benefits are limited to one million dollars ($1,000,000) per project. DISCUSSION When developers submit an application to the lowa Economic Development Authority for Workforce Housing Tax Credits, they are required to attach a Resolution of Support from the municipality. This allows the municipality to provide insight into the impact each project will have on the City's housing goals. The following projects have approached City staff requesting support to apply. Two of these projects are located in Dubuque's downtown area, with one in the College District. Wilson House Apts, LLC (1243 Locust Street) The City of Dubuque and Wilson House Apts, LLC entered into a Development Agreement on May 20, 2024 for the rehabilitation of 1243 Locust Street including the creation of Five Page 533 of 890 (5) new residential units with an investment of approximately One Million Five Hundred Thousand Dollars ($1,500,000.00). The project intends to use historic tax credits. 1301 Central, LLC (1301 Central Avenue) The City of Dubuque and 1300 Central, LLC entered into a Development Agreement on February 16, 2026 for the rehabilitation of 1301 Central Avenue including the creation of Thirty (30) new residential units and approximately 9,000 SF of commercial space with an investment of approximately Eight Million Dollars ($8,000,000.00). The project intends to use historic tax credits. Dubuque and Jackson County Habitat for Humanitv (Wood Street) The City of Dubuque and Dubuque and Jackson County Habitat for Humanity entered into a Development Agreement on January 6, 2025 for the creation of fourteen (14) low and moderate income single-family, owner occupied residences on Wood Street. The Developer anticipates an investment of approximately Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000.00) to improve the Property by December 31, 2028. Given the dearth of affordable housing units in Dubuque, and with the pending need to house an additional several hundred students, faculty, and staff of the proposed college of osteopathic medicine scheduled to open in 2028, it is imperative that we support the construction of additional affordable housing options. The projects meet one or more of these City Council goals: creation of additional affordable housing; located in Dubuque's downtown; and the rehabilitation of an existing structure. The addition of the lowa Workforce Housing Tax Credit to the capital stack improves the viability of these projects, increasing the developers' ability to adequately address the shortage of housing in the community. RECOMMENDATION I respectfully request City Council approval of the attached resolutions supporting the aforementioned applications for lowa Workforce Housing Tax Credits for housing development in Dubuque. 2 Page 534 of 890 III i Prepared by: Ian Hatch, Economic Development, 1300 Main Street, Dubuque IA 52001,563 589-4213 Return to:Adrienne Breitfelder, City Clerk,50 E. 13th Street, Dubuque IA 52001, 563 589-4100 RESOLUTION NO. 186-26 SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT AUTHORITY APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT PROGRAM BY WILSON HOUSE APTS, LLC WHEREAS, Wilson House Apts, LLC (Developer) owns the following described real property in the City of Dubuque, Iowa: The Northerly 64 feet of Out Lot No. 662A in the Town (now City) of Dubuque, Iowa, according to the United States Commissioners' Plat of the Survey of said Town of Dubuque (the Property); and WHEREAS, Developer plans to rehabilitate the existing structure to construct five (5) multi-family residential units on the Property (the Project) and invest approximately One Million Five Hundred Thousand Dollars ($1,500,000.00) in the Project; and WHEREAS, the Project is located in the Greater Downtown Urban Renewal Area which has been so designated by City Council Resolution 123-67, on May 18, 1967, as a slum and blighted area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal Law); and WHEREAS, the Project will support the City's efforts to create new housing opportunities for a growing workforce within the community; and WHEREAS, Developer has committed a significant amount of private financing to the Project; and WHEREAS, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on May 18, 1967, and last amended on February 16, 2026, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, as amended, including the issuance of Economic Development Grants and Urban Tax Increment Revenue Obligations; and WHEREAS, the City and Developer have executed a Development Agreement dated May 20, 2024, as amended, including the issuance of Urban Tax Increment Revenue Obligations, (the Agreement); and WHEREAS, Developer's application to the Workforce Housing Tax Credit Program, will provide necessary tax credits and other benefits which will directly contribute to the success of the Project; and WHEREAS, the City Council finds that the application to the Workforce Housing Tax Credit Program by Wilson House Apts, LLC is in the best interests of the City of Dubuque and should be supported. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City Council of the City of Dubuque hereby supports the submission of an Iowa Economic Development Authority Application to the Workforce Housing Tax Credit Program by Wilson House Apts, LLC for necessary tax credits and other benefits directly contributing to the success of the Project at 1243 Locust Street, Dubuque, Iowa 52001. Passed, approved and adopted this 18th day of May 2026. ad M. Cavanagh, Mayor Attest: Trish L. Gleason, Assistant City Clerk • Prepared by: Ian C. Hatch, Economic Development. 1300 Main Street, Dubuque IA52001,563 589-4213 Return to:Adrienne Breitrelder,City Clerk, 50 E. 13th Street, Dubuque IA 52001,563 589-4100 RESOLUTION NO. 187-26 SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT AUTHORITY APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT PROGRAM BY 1301 CENTRAL, LLC WHEREAS, 1301 Central, LLC (Developer) owns the following described real property in the City of Dubuque, Iowa: TRACT I. - Lot 1, Lot 2, and Lot 2 of Lot 3 all of the subdivision of the south half of Out Lot 456, in the City of Dubuque, Iowa according to the recorded Plats of said respective Subdivision. ji TRACT II. - The Middle 1/5 of Out Lot 449 in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof. The South 1/2 of the North Middle 1/5 of Out Lot 449, in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof. The North 1/5 and the North 1/2 of the North Middle 1/5 of Out Lot 449 in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof. Lot 4 of the South Y2 of Out Lot 456, and Lot 1 of Lot 3 of the South % of Out Lot 456, in the City of Dubuque, Iowa, according to the recorded Plats thereof. The Southerly 2/5ths of Out Lot 449 in the City of Dubuque, Iowa, according to the United States Commissioners' Map of the Survey of Said Town of Dubuque, Iowa. TRACT III. -The North % of the Middle 1/5 of Out Lot 456 in the City of Dubuque, Iowa, according to the United States Commissioners' Map thereof. Tract IV. - City Lot 449A in the City of Dubuque, Iowa, according to the Plat recorded as Instrument#16133-02, records of Dubuque County, Iowa. (the Property); and WHEREAS, Developer plans to rehabilitate the existing structure to construct thirty (30) multi-family residential units on the Property (the Project) as well as first floor commercial space, and invest approximately Eight Million Dollars ($8,000,000.00) in the Project; an WHEREAS, the Project is located in the Greater Downtown Urban Renewal Area which has been so designated by City Council Resolution 123-67, on May 18, 1967, as a slum and blighted area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal Law); and WHEREAS, the Project will support the City's efforts to create new housing opportunities for a growing workforce within the community; and WHEREAS, Developer has committed a significant amount of private financing to the Project; and WHEREAS, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on May 18, 1967, and last amended on February 16, 2026, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, as amended, including the issuance of Economic Development Grants and Urban Tax Increment Revenue Obligations; and WHEREAS, the City and Developer have executed a Development Agreement dated June 2, 2025, including the issuance of Urban Tax Increment Revenue Obligations, (the Agreement); and WHEREAS, Developer's application to the Workforce Housing Tax Credit Program, will provide necessary tax credits and other benefits which will directly contribute to the success of the Project; and WHEREAS, the City Council finds that the application to the Workforce Housing Tax Credit Program by 1301 Central, LLC is in the best interests of the City of Dubuque and should be supported. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City Council of the City of Dubuque hereby supports the submission of an Iowa Economic Development Authority Application to the Workforce Housing Tax Credit Program by 1301 Central, LLC for necessary tax credits and other benefits directly contributing to the success of the Project at 1301 Central Avenue, Dubuque, Iowa 52001. Passed, approved and adopted this 18th day of May 2026. vBrad M. Cavanagh, Mayor Attest: 3c2cc4s...s._ Trish L. Gleason, Assistant City Clerk III Prepared by: Ian Hatch, Economic Development, 1300 Main Street, Dubuque IA 52001,563 589-4213 Return to:Adrienne Breitfelder, City Clerk, 50 E. 13th Street, Dubuque IA 52001,563 589-4100 RESOLUTION NO. 188-26 SUPPORTING THE SUBMISSION OF AN IOWA ECONOMIC DEVELOPMENT AUTHORITY APPLICATION TO THE WORKFORCE HOUSING TAX CREDIT PROGRAM BY DUBUQUE AND JACKSON COUNTY HABITAT FOR HUMANITY WHEREAS, Dubuque and Jackson County Habitat for Humanity (Developer) owns the following described real property in the City of Dubuque, Iowa: Lot 2 of Mount Pleasant Place, Lots 55, 56, 57, and 58 in Rosedale Addition, and, Lots 8, 9, 10, and 11 of the Subdivision of Lot 3 of the Subdivision of Mineral Lot No. 178, all in the City of Dubuque, Iowa, according to the respective recorded Plats thereof (the Property); and WHEREAS, Developer plans to construct fourteen (14) low and moderate single family, owner occupied residences on the Property (the Project) and invest approximately Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000.00) in the Project; and WHEREAS, the Project is located in the Mount Pleasant Place Housing Urban Renewal Area which has been so designated by City Council Resolution 250-24, on August 5, 2024, as an Economic Development— LMI Housing Area (the Project Area) defined by Iowa Code Chapter 403 (the Urban Renewal Law); and WHEREAS, the Project will support the City's efforts to create new housing opportunities for a growing workforce within the community; and WHEREAS, Developer has committed a significant amount of private financing to the Project; and WHEREAS, pursuant to Iowa Code Section 403.6(1), and in conformance with the Urban Renewal Plan for the Project Area adopted on August 5, 2024, City has the authority to enter into contracts and agreements to implement the Urban Renewal Plan, including the issuance of Economic Development Grants and Urban Tax Increment Revenue Obligations; and WHEREAS, the City and Developer have executed a Development Agreement dated January 6, 2025, including the issuance of Urban Tax Increment Revenue Obligations, (the Agreement); and WHEREAS, Developer's application to the Workforce Housing Tax Credit Program, will provide necessary tax credits and other benefits which will directly contribute to the success of the Project; and WHEREAS, the City Council finds that the application to the Workforce Housing Tax Credit Program by Dubuque and Jackson County Habitat for Humanity is in the best interests of the City of Dubuque and should be supported. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City Council of the City of Dubuque hereby supports the submission of an Iowa Economic Development Authority Application to the Workforce Housing Tax Credit Program by Dubuque and Jackson County Habitat for Humanity for necessary tax credits and other benefits directly contributing to the success of the Project at the Property on Wood Street in Dubuque, Iowa. Passed, approved and adopted this 18th day of May 2026. Br Cavanagh, Mayor Attest: —24 Trish L. Gleason, Assistant City Clerk