20 Jan Three Davenport apartment projects move ahead with tax credit awards
Quad-City Times – Alma Gaul – DAVENPORT, Iowa — hree new apartment projects proposed for Davenport have been awarded workforce housing tax credits from the Iowa Economic Development Authority, a financing boost that moves them closer to actually being built.
Merge Urban Development, of Cedar Falls, Iowa, received a $1 million award expected to trigger its purchase of city-owned green space south of the RiverCenter. The space would be used for construction of a $7 million, five-story building with 60 market-rate apartments and ground-floor retail to be called Urbane210. The apartments would include studio, one-bedroom and two-bedroom units, developer Brent Dahlstrom said.