Note: this article appeared in the Cedar Rapids Gazette, article by Cindy Hadish, Gazette staff writer. |
Marion - Plans for an apartment complex for low-income senior citizens in Marion are progressing with the awarding of federal grants. |
Scott Meadows, a 32-unit building set to be built in northeast Marion, will receive $229,159 annually for 10 years in a federal grant administrated through the state. |
In addition t that grant, which comes through the Iowa Finance Authority's Low Income Housing Tax Credit program, the project will receive $621,609 in grants and loans through the Iowa Department of Economic Development's HOME program. |
Marion Churches Senior Living Community Foundation is teaming with Heartland Properties, Inc. an Alliant Energy subsidiary, to build the development east of Highway 13. |
Mary Bowman, past president of the churches group, said groundbreaking could begin in two months and construction could take about 18 months. |
Bowman said there is 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. |
The complex will have 12 two-bedroom apartments and 20 one-bedroom apartments, all with private kitchens. |
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 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. |
Housing projects in Cedar Rapids and Iowa City also were recipients of the grant money. MidAmerica Housing Partnership will receive $164,854 from the Low Income Housing Tax Credit program for William B. Quarton Place, a 28-unit apartment project at 85 Harbet Ave. NW in Cedar Rapids. |
The complex, for "hard to house" tenants, also received an Iowa Department of Economic Development HOME award for 595,000. |
The total development cost for William B. Quarton Place is $2,151,408. |
Emerson Point, a proposed 54-unit affordable assisted living housing project at 1355 Shannon Dr., in Iowa City, will receive $572,113 from the Low Income Housing Tax Credit program. |
The "Coming Home" demonstration project, developed by Burns & Burns Architects of Iowa City, has $4,212,473 in syndication equity for a total development cost of $5,839,641. |