The Iowa Economic Development Authority announced Sept. 11 it had awarded Workforce Housing Tax Credits to several Corridor projects as part of $35.9 million in total awards to support 63 projects across 36 counties statewide.
The following Corridor projects received tax credits under the program:
- Dan Sherman Enterprises received $219,600 for the Alburnett Family Housing Project, a six-unit development in Alburnett.
- Forge, Inc. received $699,057 for Kouba Development, a 20-unit development in Anamosa.
- Twenty40 Building Concepts received $585,000 for 15 single-family homes in the Dows Agri-Community near Cedar Rapids.
- Parkside Apartments, LLC received $1,000,000 for Parkside Hills Reimagined Phase I, a 36-unit development in West Branch.
- Rose Cottage 2, LC received $1,000,000 for a 58-unit development in Cedar Rapids.
- Prairie Rose Rentals Co. received $106,800 for a Southside Infill Project, a six-unit development in Cedar Rapids.
- Igram Family LLC received $899,335 for Igram Village, a 48-unit development in Hiawatha.
- Jordan Street Developers, LLC received $1,000,000 for Jordan St. Lofts, a 96-unit development in North Liberty.
- 443 Marengo Road, L.C. received $833,100 Grove Park Rowhomes Phase I, a 39-unit development in Tiffin.
The projects are expected to create nearly 2,000 new residential units statewide, with 1,217 in large communities and 752 in smaller towns.
“When families can find quality, affordable homes, they put down roots — and that gives businesses the steady workforce they need,” said Debi Durham, director of IEDA and the Iowa Finance Authority. “It’s that kind of stability that keeps our communities strong and our economy moving forward.”
IEDA received 137 applications requesting about $83 million in tax credits. Of the $35 million available for fiscal 2026, $17.5 million was reserved for projects in Iowa’s 88 least-populated counties. The agency evaluated applications based on readiness, financing, community impact, developer experience and innovation.
Several other projects in Iowa received funding. Among the highlights:
- In Atlantic, Vision Atlantic Inc. will add 10 duplex-style homes in the Camblin Hills development near school facilities and a planned child care center. The properties target workers at employers like Cass Health, where nearly half of employees commute into town.
- Charles City will see Union Place, a 74-unit rental townhome community developed by Urbandale-based Kading Properties on land donated by the city and Charles City Area Development Corp. The site sits within a half mile of major employers including Cambrex, Floyd County Medical Center and Zoetis.
- In Cumming, Diligent Development of West Des Moines will create a mixed-use building with 32 apartments, 16 garages and ground-floor retail in Middlebrook. The project addresses workforce housing needs near Hy-Vee’s new distribution center and other growing employers.
- Oskaloosa will get about 50 two-bedroom townhomes from West Des Moines-based Hubbell Realty Co. off Coal Mine Road. The development responds to rental demand driven by expansions at Clow Valve Co., Mahaska Health and Musco Lighting.
The Workforce Housing Tax Credit program supports projects that redevelop abandoned, vacant or deteriorated properties.
Click here to see a full list of recipients.
