Des Moines council to consider tax credits for townhouse project
BPC Staff Aug 22, 2016 | 8:31 pm
<1 min read time
115 wordsAll Latest News, Government Policy and Law, Real Estate and DevelopmentThe Des Moines City Council will be asked today to support state workforce housing tax credits for a townhouse project that has been proposed by David and Jody Walters’ M & R Holdings LLC for a vacant lot at 4209 Lower Beaver Road. The Walters are seeking an estimated $840,000 in tax credits for the $5.7 million project, which also would qualify for an estimated $768,315 under a six-year tax abatement program that applies to the area. Plans call for 38 owner-occupied townhome units on a nearly 6-acre site. The townhomes would be roughly 1,200 square feet in size and would include two-car garages and full basements, according to a report to the City Council.