Former woolen mill transformed into affordable apartment homes

 
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Note: this article appeared in "the Point," a weekly news letter distributed to employees of Alliant Energy and its subsidaries.
Heartland Properties Inc. (HPI), a subsidiary of Alliant Energy Resources, held a grand opening on Oct. 30 at the newly renovated Decorah Woolen Mill in Decorah, Iowa. The historic three-story brick building, constructed in 1867, offers one- and two-bedroom apartment homes.
More than 150 people attended the ribbon-cutting ceremony, including Decorah Mayor Vic Fye, a materials coordinator specialist for Alliant Energy. "This development brings much-needed housing to our downtown area. In addition, it illustrates Alliant Energy's strong corporate citizenship to the residents of Decorah," said Fye.
Following the ribbon cutting, more than 600 people attended an open house, touring the building that consists of 15 apartment homes. Russ Kaney, director of housing investments at Heartland Properties, was impressed by the turnout. "We couldn't have hoped for a better showing," says Kaney. "The residents expressed a real interest in the renovation of this historic building, which is a testament to the importance of preserving landmarks in communities such as Decorah." Alliant Energy employee and Decorah Mayor Vic Fye and Heartland Properties' President Ruth Domack at The Decorah Woolen Mill ribbon cutting Oct. 30.
Alliant Energy employee and Decorah Mayor Vic Fye and Heartland Properties' President Ruth Domack at The Decorah Woolen Mill ribbon cutting Oct. 30.
Heartland Properties invested $1.2 million into the development of The Decorah Woolen Mill. Restoration of the building took nearly a year to complete at a total cost of $1.9 million. It is one of 16 investments by HPI in Iowa.

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