Marion housing group hopes 2nd application is approved

 
Gold Dot
Blue Dot
Gold Dot
Note: this article appeared in the Cedar Rapids Gazette, article by Cindy Hadish, Gazette staff writer.
Marion - Planners of a second housing development for low-income senior citizens hope the second time around will be a charm.
Construction on Scott Meadows, a 32-unit apartment building in northeast Marion, had been planned to begin this fall.
But the $3.5 million project was delayed when the Iowa Finance Authority (IFA) rejected an application for low-income housing tax credits in August.
Marion Churches Senior Living Community Foundation is teaming with Heartland Properties, an Alliant Energy subsidiary, to build the development east of Highway 13.
The organizations are hoping a second application for the tax credits in January will be approved in order to start construction in fall 2002.
Mary Bowman, president of the churches group, said at least 25 people are on a three- to four-year waiting list for apartments at Moundview Manor, the group's first development for low-income elderly.
Scott Meadows is planned to be built east of Moundview, north of Squaw Creek Village Mobile Home Park.
Bowman said if the IFA application is approved, the new apartments could be ready 12 to 18 months after construction begins.
The complex will have 12 two-bedroom apartments and 20 one-bedroom apartments, all with private kitchens.
People turned down for an apartment at Moundview because their income was too high could apply to live at the new site, Bowman said, because income guidelines will be slightly higher.
Scott Meadows will be named in honor of Wayne Scott of Marion, who donated the 5 acres where Moundview sits and where the new building will be located.
The project is getting support from the city of Marion.
The City Council recently agreed to provide a letter of support to IFA in the project's tax credit application.
Council members also approved up to $60,000 in tax increment financing money from a separate housing project to be used for sewer, water and paving extensions to Scott Meadows.
The city is also working on establishing an urban revitalization district that would lead to an $80,000 tax abatement for the project.
The church group is made up of 11 Marion churches: Ascension Lutheran, Christ Community United Methodist, Faith Lutheran, Prairie Chapel United Methodist, First Presbyterian, First United Methodist, St. Joseph Catholic, First Baptist, Marion Christian, Resurrection Lutheran and St. Paul's Lutheran.

Blue Dot
Gold Dot
Blue Dot

Home | Communities | Properties | Who We Are | TrackPro | Links | News

Heartland Properties Logo