Plans are underway for an reasonably priced housing improvement for low-income households and folks aged 62 and older in one of many Des Moines metro’s fastest-growing suburbs.
Waukee metropolis officers wish to construct two 64-unit townhome complexes on a 13.5-acre parcel close to Northwest Excessive College. Metropolis officers have lengthy sought to supply reasonably priced housing choices and thought the lot’s location and proximity to the highschool and Triumph Park can be a very good match, mentioned assistant metropolis administrator Nick Osborne.
The town bought the parcel at North Warrior Lane and Northeast Douglas Parkway for $902,000 from Prairie Rose Waukee, which developed single-family houses within the close by Prairie Rose subdivision, Osborne mentioned.
“We wished this to be included inside an current neighborhood or a neighborhood that is going to be there,” he mentioned. “It is not like it may be in a sure part of city.”
The town is working with Wisconsin-based developer Northpointe Growth on the mission, which kicks off with townhomes for households on the parcel’s south finish. Townhomes for seniors can be constructed on the north finish.
Townhome items for households might be one to 2 tales and have wherever between one to 4 bedrooms. Models for seniors might be one story and embody one to 2 bedrooms.
“Our hope is that it will have the feel and appear of plenty of totally different items which are within the space,” Osborne mentioned.
Models might be out there for tenants incomes 30% to 60% of the realm median earnings, which in 2022 was $20,700 to $34,500 for a single particular person or $29,550 to $49,250 for a household of 4, in accordance with information from the U.S. Division of Housing and City Growth.
Osborne mentioned metropolis officers plan to conduct a market examine to find out the hire value it might provide potential residents. The town is also within the midst of outlining authorized agreements with Northpointe and goals to carry a public listening to with the corporate within the spring.
Builders plan to submit purposes for low-income tax credit, which Osborne mentioned will decide the timeline for breaking floor on the mission.