The amendment to the urban renewal area allows low- to moderate income residential projects as an eligible tax increment financing use.

The council on Aug. 17 is expected to approve a development agreement with JGC Holdings that would include providing the company grants from tax increment financing over five years that would not exceed $1.6 million.

Cordaro had hoped to begin construction this summer on one of the buildings. However, the outbreak of the novel coronavirus created delays with the project.

Cordaro said he hopes to start the project yet this year “but timelines are still hard to predict.”

Previous coverage: Development planned along Eighth Street in West Des Moines

A Commercial Real Estate Weekly feature in which the status of projects underway in the Greater Des Moines area are updated. Want to include an update about your project or suggest a project to include? Email: kathybolten@bpcdm.com.