CONTRACTRECOMMENDED

City backs AXIS Capital workforce housing tax credit

Document date: May 18, 2026
Renews: Mar 2027; Free account

What it covers

Storm Lake adopted Resolution No. 66-R-2025-2026 supporting AXIS Capital’s IEDA Workforce Housing Tax Credit application for the 48-unit Beacon Point Apartments on East 13th Street and committing to a 10-year 100% property tax exemption on value added (excluding school levies). This local incentive is intended to help meet workforce housing demand and leverage state housing tax credits.

Who holds it

Axis Capital holds this contract with City of Storm Lake. Its other public contracts on record include work for Low Rent Housing Agency Of Sioux Center and Town of Sioux.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Storm Lake contract.

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Contract details

Document date: May 18, 2026
Term: 10 years (property tax exemption on value added)
Renews: Free account
Vendor: Axis Capital
Agency: City of Storm Lake
Source document: City of Storm Lake Regular Council Session Meeting Agenda Packet May 18 2026 (AgendaPacket)

Axis Capital's other public contracts

City of Storm Lake, IowaCity Backs AXIS Capital Workforce Housing Project with Tax Abatement · May 18, 2026Undisclosed Low Rent Housing Agency Of Sioux Center, IowaCity Backs Axis Capital Workforce Housing Bid · Apr 20, 2026Undisclosed Town of Sioux, North DakotaAxis Capital Approved for Housing Tax Credit Application · Jun 9, 2025Undisclosed Low Rent Housing Agency Of Sioux Center, IowaHousing Development Tax Credit Application · Jun 9, 2025Undisclosed City of Sioux, IowaResolution supports Axis Capital's tax credit application. · Jun 9, 2025Undisclosed All Axis Capital contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Storm Lake?

Axis Capital was awarded this government contract by City of Storm Lake, as recorded on May 18, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Storm Lake Regular Council Session Meeting Agenda Packet May 18 2026 (AgendaPacket), dated May 18, 2026 from City of Storm Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Axis Capital hold?

Axis Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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