1867 woolen mill to be transformed into affordable family housing

 
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Note: this article appeared in "the Point," a weekly news letter distributed to employees of Alliant Energy and its subsidaries.
A historic, woolen mill in the northeast Iowa town of Decorah will soon be bustling with life, thanks to a $1.3 million investment by Alliant Energy Resources through its affordable housing subsidiary, Heartland Properties, Inc. (HPI). Al Collet and Russ Kaney
Heartland Properties Director of Housing Investments Russ Kaney (right) and Al Collet from the Iowa Department of Economic Development engage in the ceremonial wall bashing at the Decorah Woolen Mill.
More than 80 people, including community and state leaders, attended the Decorah Woolen Mill wall-bashing ceremony on Nov. 12, hosted by Heartland Properties and Northeast Iowa Community Action Corporation.
The 130-year-old building, located at 107 North Court Street, served as a woolen mill, medicine manufacturing company and a tire store. The soon-to-be-renovated Decorah Woolen Mill will consist of nine one-bedroom and six two-bedroom apartment homes for families.
Russ Kaney, director of housing investments - Heartland Properties, says the renovation of the historic landmark is very exciting. "Preserving this landmark building and developing affordable housing options demonstrates our steadfast commitment to future generations and a strong respect for the past," says Kaney.
"This project is an example of the dedication of Heartland Properties, Northeast Iowa Community Action Corporation and the City of Decorah to meet the growing need for affordable housing in Decorah," adds Steve Shupp, key account manager - Alliant Energy. "The Decorah Woolen Mill meets that need without compromising historic beauty and presence. When completed, it will be a place many families will be proud to call home."
The overall cost of the Decorah Woolen Mill is $1.8 million with completion expected in the spring of 2003. The Woolen Mill is Heartland Properties' latest investment in Iowa and one of more than 119 developments it has participated in throughout the Midwest.

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