Marion seniors get more housing

Churches lead in helping develop project for low-income residents
 
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Note: this article appeared in the Cedar Rapids Gazette, article by Cindy Hadish, Gazette staff writer.
Marion - Citing a two-year waiting list for people wanting to move into its apartment complex for low-income senior citizens, a group of Marion churches is planning another building.
Scott Meadows, just east of the group's Moundview Manor, will be a three-story building with 12 two-bedroom units and 20 one-bedroom apartments.
Joining forces to build the complex, which will be similar to Moundview, are Marion Churches Senior Living Community Foundation and Heartland Properties, Inc., an Alliant Energy company.
Marion Churches previously worked with MidAmerica Housing Partnership (MAHP) to build the $2.5 million Moundview, which was finished last year on the east side of Highway 12, north of Highway 151.
Construction on the new building could start this fall if a $3.5 million application to the Iowa Finance Authority is approved, said Mary Bowman, Marion Churches board president.
The project's builder, Newbury Development Co. of Des Moines will apply for affordable housing tax credits on behalf of Marion Churches.
Heartland would then buy the tax credits. At the end of 15 years, Marion Churches would have the option to buy the building, for the remaining mortgage.
If the tax credits are not approved in August, Bowman said, it could be another year before financing is available.
Rent would be between $359 monthly to $394 monthly for a one-bedroom apartment, depending on whether utilities are included, and $454 to $507 for a two-bedroom.
Bowman said Section 8 subsidies can help pay the rents for people who cannot afford the units.
The average rent at Moundview, which has all one-bedroom apartments, is $219 per month, she said.
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.
Bowman said the new building 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 foundation is made up of 11 Marion churches: Ascension Lutheran, Christ Community United Methodist, First Presbyterian, First United Methodist, St. Joseph Catholic, First Baptist, Marion Christian, Resurrection Lutheran and St. Paul's Lutheran.
Heartland Properties, formed in 1988, is an Alliant Energy subsidiary that invests in quality affordable housing, said Scott Fitzpatrick, Iowa housing manager for Heartland.
Heartland has been involved with 114 other projects in Iowa, Illinois, Minnesota and Wisconsin, he said.

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