Legislators - Housing Tax Credits
City Manager's Office
50 West 13th Street
Dubuque, Iowa 52001-4864
(563) 589-4110 phone
(563) 589-4149 fax
ctyrngr@cityofdubuque.org
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March 10, 2005
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VIA E-mail and
1 st Class Mail
<<Email>>
<<CompleteLOCALName _Add ress>>
Re: SSB 1095 - Housing Tax Credits
~Li
Dear <<Title>> <<Last>>:
I am writing to encourage you to support SSB 1095, which allows the award and
transfer of State Enterprise Zone tax credits for housing development whose primary
purpose is the redevelopment of brownfields and blighted areas within designated
Enterprise Zones regardless of whether the project uses Federal low income housing
tax credits. As you know, the Enterprise Zone legislation was written to promote private
investment in economically distressed areas of a city or county and has been on
Dubuque's legislative priority list for a number of years.
The sale of tax credits to provide project equity is often a very important piece of the
financial package for redevelopment projects. Dubuque is very familiar with the use of
Federal historic tax credits and low income housing tax credits to support
redevelopment and new housing opportunities. However, the ability to support market-
rate housing, either new construction or rehabilitation, in urban brownfields is new
territory.
The City of Dubuque's Port of Dubuque redevelopment area is an urban riverfront
brownfield located in an Enterprise Zone. Our master plan for the area suggests
housing as a potential reuse for the area. The cost of land in this prime location,
coupled with the added costs associated with environmental remediation, may require
substantial -- and creative -- public financial assistance. The use of Enterprise Zone tax
credits to raise equity for market-rate housing projects in the Port of Dubuque, and the
community generally, would be very beneficial.
Service
People
Integrity
Responsibility
Innovation
Teamwork
I encourage you to support SSB 1095 establishing housing tax credits in Enterprise
Zones. Thank you for your continued support.
Sincerely,
Michael C. Van Milligen
City Manager
MCVM:cms
cc: Mayor Terry Duggan
Dubuque City Council
Susan Judkins, Iowa League of Cities
Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
Dave Heiar, Economic Development Director
David Harris, Housing and Community Development Director
The Honorable Mike Connolly
Iowa State Senator
2600 Renaissance Dr #3
Dubuque, IA 52001
The Honorable Pam Jochum
Iowa State Representative
2368 Jackson
Dubuque, IA 52001
The Honorable Steven Lukan
Iowa State Representative
7365 Columbus Street
New Vienna IA 52065
The Honorable Tom Hancock
Iowa State Senator
310 E Main Street
Epworth, lA, 52045
The Honorable Pat Murphy
Iowa State Representative
155 N. Grandview Avenue
Dubuque, IA 52001
The Honorable Ray Zirkelbach
Iowa State Representative
637 W. First Street
Monticello, IA 52310
The Honorable Roger Stewart
Iowa State Senator
3936317 Avenue
Preston, IA 52069
The Honorable Thomas
Schueller
Iowa State Representative
503 W. Platt Street
Maquoketa, IA 52060
THE CITY OF ( _
City Manager's Office
50 West 13th Street
Dubuque, Iowa 52001-4864
(563) 589-4110 phone
(563) 589-4149 fax
ctymgr@cityofdubuque.org
1 B I
~*~
March 10, 2005
c;
.:-. :1
VIA Email and
1 sl Class Mail
<<Email>>
<<CompleteLOCALName _Add ress>>
Re: HSB 53 - Housing Tax Credits
Dear <<Title>> <<Lash>:
I am writing to encourage you to support HSB 53, which allows the award and transfer
of State Enterprise Zone tax credits for housing development whose primary purpose is
the redevelopment of brownfields and blighted areas within designated Enterprise
Zones regardless of whether the project uses Federal low income housing tax credits.
As you know, the Enterprise Zone legislation was written to promote private investment
in economically distressed areas of a city or county and has been on Dubuque's
legislative priority list for a number of years.
The sale of tax credits to provide project equity is often a very important piece of the
financial package for redevelopment projects. Dubuque is very familiar with the use of
Federal historic tax credits and low income housing tax credits to support
redevelopment and new housing opportunities. However, the ability to support market-
rate housing, either new construction or rehabilitation, in urban brownfields is new
territory.
The City of Dubuque's Port of Dubuque redevelopment area is an urban riverfront
brownfield located in an Enterprise Zone. Our master plan for the area suggests
housing as a potential reuse for the area. The cost of land in this prime location,
coupled with the added costs associated with environmental remediation, may require
substantial -- and creative -- public financial assistance. The use of Enterprise Zone tax
credits to raise equity for market-rate housing projects in the Port of Dubuque, and the
community generally, would be very beneficial.
Service
People
Integrity
Responsibility
Innovation
Teamwork
I encourage you to support HSB 53 establishing housing tax credits in Enterprise
Zones. Thank you for your continued support.
Sincerely,
Michael C. Van Milligen
City Manager
MCVM:cms
cc: Mayor Terry Duggan
Dubuque City Council
Susan Judkins, Iowa League of Cities
Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
Dave Heiar, Economic Development Director
David Harris, Housing and Community Development Director
The Honorable Mike Connolly
Iowa State Senator
2600 Renaissance Dr #3
Dubuque, IA 52001
The Honorable Pam Jochum
Iowa State Representative
2368 Jackson
Dubuque, IA 52001
The Honorable Steven Lukan
Iowa State Representative
7365 Columbus Street
New Vienna IA 52065
The Honorable Tom Hancock
Iowa State Senator
310 E Main Street
Epworth, IA, 52045
The Honorable Pat Murphy
Iowa State Representative
155 N. Grandview Avenue
Dubuque, IA 52001
The Honorable Ray Zirkelbach
Iowa State Representative
637 W. First Street
Monticello, IA 52310
The Honorable Roger Stewart
Iowa State Senator
3936 317 Avenue
Preston, IA 52069
The Honorable Thomas
Schueller
Iowa State Representative
503 W. Platt Street
Maquoketa, IA 52060