City of Iowa Agenda 2026-06-02
Affordable Housing Project Funding and Land Sale Approved
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Description
Affordable Housing project at 1002-1006 N. Summit St. moves forward with a $4.68M city funding commitment and pending sale of property to ICAH for $750,000; project includes 36 below-market units.
Contract Details
Contract Amount
$4,686,800 (city commitment), $750,000 (planned conveyance)
Vendor
IOWA CITY AFFORDABLE HOUSING INC
Agency
City of Iowa, IA
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
Project period - to December 31, 2029 (estimated occupancy)
Renewal Info
Development agreement; funding and property conveyance subject to council action.
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