Heartland Properties, NEICAC partner to renovate historic woolen mill

Project to revitalize downtown Decorah, provide needed, affordable housing
 
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Renovation of Decorah, Iowa's historic Woolen Mill into a multi-family, affordable housing facility will officially begin at an 11:00 a.m. "wall bashing" ceremony at 107 North Court Street on Monday, Nov. 12.
Community and state leaders, along with representatives from Heartland Properties, Inc. and the Northeast Iowa Community Action Corporation, will gather to commemorate the project and take turns symbolically striking the building. A celebration lunch will follow immediately in the community room of Alliant Energy's Decorah office at Court and West Water Streets. The event is open to the public.
Renovation of the Decorah Woolen Mill is expected to cost $1.8 million and take approximately 12 months to complete. It will house nine one-bedroom and six two-bedroom apartment homes. All floors are accessible by elevator.
Attending the wall bashing will be Mary Ann Humpal and Ron Garceau, NEICAC; Decorah Mayor Vic Fye; Ruth Domack and Russ Kaney, Heartland Properties; and Steve Shupp, Alliant Energy. Also expected to attend are State Representative Chuck Gipp and State Senator Mark Zieman along with representatives from the Iowa Finance Authority, Iowa Department of Economic Development and the Federal Home Loan Bank-Des Moines.
The Decorah Woolen Mill restoration is being made possible through a $1.3 million investment by Alliant Energy Resources through its affordable housing subsidiary, Heartland Properties, Inc. Additional financial support is being provided by Community First National Bank-Decorah, Federal Home Loan Bank of Des Moines, Iowa Finance Authority, Iowa Department of Economic Development, State Historic Society of Iowa and the City of Decorah.
"We're enthusiastic about investing in the Decorah community," said Russ Kaney, director of housing investments for Heartland Properties. "Preserving this landmark building and developing affordable housing options demonstrates our steadfast commitment to future generations and a strong respect for the past."
The three-story brick building was erected in 1867 and serves as a reminder of several early industries in Decorah. It was originally a woolen mill. Later it was converted to a pharmaceutical manufacturing plant and eventually occupied by a tire company. The current renovation will be supervised by Gardner Architecture of Strawberry Point, Iowa with Finholt Construction of Decorah acting as the general contractor.
"We're pleased to be a partner in the collaborative efforts to develop the Woolen Mill," said Mary Ann Humpal, executive director of Northeast Iowa Community Action Corporation. "Projects like this are an illustration of how city, state and private entities can work hand in hand for the betterment of communities."
For more information about the Woolen Mill, call (563) 382-8436, ext. 109. Construction updates can be found at www.heartland-properties.com.
Northeast Iowa Community Action Corporation is a not-for-profit community action agency serving seven counties in northeast Iowa. Heartland Properties is a subsidiary of Alliant Energy Resources with a commitment to pursuing financial, economic development and community partnerships. The Woolen Mill is Heartland Properties' latest investment in Iowa and one of more than 117 developments it has participated in throughout the Midwest.

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