Washington Evening Journal

Fairfield Ledger   Mt. Pleasant News
Neighbors Growing Together | Oct 21, 2017

Iowa Finance Authority approves grants for new Washington housing units

By David Hotle | Mar 12, 2014

The Iowa Finance Authority (IFA) Board of directors announced today that Washington is among 15 locations for affordable rental projects totaling over $82.4 million that was approved during its meeting today. According to a press release, Overland Property Group will receive a $389,335 tax credit and a $999,000 HOME award to build a 30-unit apartment complex in the 900 block of West Monroe Street.
In December, the Washington City Council approved allowing the Kansas-based developer $350,000 in Tax Increment Finance (TIF) funds toward the project.
The total project is expected to cost about $5.8 million. The units will be housed in two buildings. A layout of the proposed Washington site can be found online at <http://vimeo.com/78373407.>
For more information on the project, see the March 13 edition of The Washington Evening Journal.

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