Heartland Properties increasing housing presence in Iowa

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Note: this article appeared in "the Point," a weekly news letter distributed to employees of Alliant Energy and its subsidaries.
Three Iowa communities will see an increase in high-quality affordable housing, due in large part to investments by Heartland Properties Inc. (HPI), a subsidiary of Alliant Energy Investments. The following events are planned for July:
A ribbon-cutting ceremony is scheduled for July 17 at Monterey Point Apartments in Carroll. Monterey Point, located at 822 Monterey Drive, will provide affordable housing for adults age 62 and older. Developed by Burns and Burns L.C., the $1.8 million housing complex is made possible through a $750,000 investment by HPI.
The brick one-story facility includes 24 one-bedroom apartments with private entrances. Each home offers individually controlled heat and air conditioning and a full-size kitchen and bath.
Margaret Saddoris, major accounts manager-Energy Sales and Marketing, says Monterey Point Apartments is a welcome addition to the community. "It's encouraging to see new housing opportunities for seniors. This is Heartland Properties' second investment property in Carroll, and it clearly illustrates Alliant Energy's commitment to this thriving community."
A ground-breaking ceremony is planned for July 17 at Vera French Manor. Located at 215 E. 37th St. in Davenport, Vera French Manor will provide housing for persons with mental illness in the Scott County area.
Vera French Manor will offer one three-bedroom and nine one-bedroom apartment homes. Other amenities will include a laundry facility, community room with kitchen area and a resident learning center with computers and Internet access. Community support and case-management services also will be available.
Heartland Properties and Vera French Housing Corporation are partnering to develop the $1.3 million property. Completion is scheduled for Spring 2003.
"Vera French Manor underscores HPI's commitment to providing housing for persons with special needs in Iowa," says Russ Kaney, director of housing investments-Heartland Properties. "Each development we invest in represents a close working relationship with the community to address identified housing needs. We value the opportunity to partner with organizations like Vera French."
Henry Stout Senior Apartments in Dubuque will be the site of a ribbon-cutting ceremony on July 25. The former Iowa Inn/YMCA has been renovated into 33 one- and two-bedroom apartments for people age 55 and older.
The historic property, located on the corner of Ninth and Iowa Streets in downtown Dubuque, features elevator access, community and card rooms, off-street parking and an inner courtyard with grade-level entry and private outdoor space for residents.
Metro Plains Development of St. Paul, Minn., and HPI worked together to complete construction of this $4.3 million adaptive re-use project. Scott Fitzpatrick, Iowa housing manager-Heartland Properties, says HPI's investment of more than $3.5 million demonstrates the commitment of Alliant Energy to community and economic development.
The building's namesake, Henry L. Stout, donated the land to the YMCA in 1894. "In keeping with our mission to preserve the heritage of the community and this building, we felt it appropriate to name it after one of Dubuque's most prominent and philanthropic citizens," adds Fitzpatrick.

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