Heartland Properties unveils two new properties

 
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Note: this article appeared in "the Point," a weekly news letter distributed to employees of Alliant Energy and its subsidaries.
Since 1988, Heartland Properties, Inc., a subsidiary of Alliant Energy Resources, has invested in more than 100 affordable housing projects. The two latest projects, DeNeveu Creek Retirement Community and Meadow Wood of Carroll, provide housing for 48 families and senior citizens.
DeNeveu Creek is located in Fond du Lac, Wis. and features 24 ground floor apartments for people 55 and older. Heartland Properties partnered with Fond du Lac Lutheran Home, Inc. to build the complex, which also includes a computer area for its residents' use.
Meadow Wood in Carroll, Iowa, is actually the second phase of an apartment complex that offers affordable one-, two- and three-bedroom apartments. Newbury Development Company, along with the State of Iowa, the Iowa Finance Authority and the Wells Fargo Bank, worked in partnership with Alliant Energy to make Meadow Wood possible.
Upon opening, both properties are 100 percent occupied. According to Russ Kaney, director-Housing Investments, this is an exceptional occupancy rate, as it generally takes six to eight months to market and fully lease a new facility.
"Heartland Properties is proud of its involvement in these properties," said Kaney. "Affordable housing and economic development are important to the communities Alliant Energy serves."

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