City Housing group partners with developer to fill need
By KENT THOMPSON
Another public/private partnership was kicked off Monday night, one that will benefit not only first time homebuyers in Humboldt County, but throughout Iowa.
Representatives from the Humboldt County Housing Development Corporation (HCHDC) joined representatives from Soyland Homes LLC of Ames to break ground on one of two new single-family homes in the community that will benefit low-to-moderate (LMI) income citizens.
Earlier this winter the Humboldt City Council approved $250,000 from the city’s residential tax increment financing low-to-moderate income housing fund to provide HCHDC for the construction of two single-family residences, one at 901 Taft Street North and the other at 105 8th Street South. Ground was turned on the site of the new home on Taft Street North, across the street to the south from the Hy-Vee grocery store.
“Soyland Homes was formed to develop a process to provide affordable housing in rural communities across the state that have employment needs or are bedroom communities to larger areas. We are pleased to break ground today and begin the construction of the first of two of what we believe will be many affordable homes across the state,” Soyland President Mike Stott said.
Read more about the plans in this week's Humboldt Independent, your trusted source for local news and sports.