Twelve developments that will provide 635 affordable housing units have received low-income housing tax credit (LIHTC) reservations from the Iowa Finance Authority.

The board selected the projects to receive more than $7 million in LIHTC authority from the 2013 round. There were 38 applications, requesting more than $19.8 million in housing credits.

"A statewide housing study recently found a great need for affordable housing options throughout the state—specifically the preservation of existing rental units as well as additional options for Iowa's growing senior population," said Gov. Terry Branstad in a statement. "The housing awards announced today will help to fulfill these needs by providing a total of more than 600 Iowa families, young professionals, and seniors with an affordable place that they can be proud to call home in six Iowa counties." 

The selected developments are:

  • Bloomsbury Village, LLP: 30 affordable units for families or persons with physical or mental and/or developmental disabilities, which may include brain injury, mental illness, or co-occurring disorder, in Des Moines. CommonBond Communities received a tax credit award of $392,280;
  • Broadway Heights Apartments l: 65 affordable units for families or victims of domestic violence in Des Moines. Hubbell Realty Co. received a tax credit award of $486,469;
  • Hilltop l: 32 affordable units for families in Des Moines. Barnes Realty, LLC, and Conlin Development Group, LLC, received a tax credit award of $353,987;
  • Hilltop Senior: 55 affordable units for persons 55 and older in Des Moines. Barnes Realty, LLC, and Conlin Development Group, LLC, received a tax credit award of $646,374;
  • Liguitti Tower: 139 affordable units for persons 62 and older in Des Moines. Newbury Management Co. and Phoenix Family Housing Corp. received a tax credit award of $799,920;
  • Melbourne Apartments lll: 72 affordable units for families or victims of domestic violence in Des Moines. Hubbell Realty Co. received a tax credit award of $713,216; 
  • River West Apartments: 30 affordable units for families or persons with physical or mental and/or developmental disabilities, which may include brain injury, mental illness, or co-occurring disorder, in Milford. Community Housing Initiatives, Inc., received a tax credit award of $262,470;
  • Newton Senior Residence: 53 affordable units for persons 62 and older in Newton. MV Residential Development, LLC, received a tax credit award of $800,000;
  • 10th Street Townhomes: 42 affordable units for families in Storm Lake. Southwest Minnesota Housing Partnership received a tax credit award of $732,119;
  • The Reserves at Storm Lake: 31 affordable units for families or persons with physical or mental and/or developmental disabilities, which may include brain injury, mental illness, or co-occurring disorder, in Storm Lake. Overland Property Group, LLC, received a tax credit award of $564,090;
  • The Reserves at Mill Farm: 31 affordable units for families or persons with physical or mental and/or developmental disabilities, which may include brain injury, mental illness, or co-occurring disorder, in Pella. Overland Property Group, LLC, received a tax credit award of $530,376; and
  • Alice Place: 55 affordable units for persons 62 and older in Waukee. Jim Bergman received a tax credit award of $746,723.