Iowa City, IA (2012)

Habitat for Humanity of Greater Des Moines

Investment

NMTC Amount: 1,075,480

Total Project Cost: 1,075,480

IMPACT

3 FTE jobs

8 construction jobs

$12 million in NMTCs financed 94 Habitat for Humanity homes across the state.

Project Description

Habitat: Single family house construction – targeted population: In August, Greater Des Moines (GDM) Habitat for Humanity and affiliates in Cedar Valley, Iowa Heartland, Iowa Valley and Siouxland shared $12 million of NMTC to finance 94 Habitat for Humanity homes across the state. GDM alone used nearly $4.5 million in NMTC investment from Iowa Community Development LC to build 27 homes expected to be completed by May 2013. GDM also recently built Iowa’s first homes to meet the National Association of Home Builders Emerald standard, which requires energy savings of 60 percent or more. Construction for Habitat homes across Iowa will create 125 construction jobs and one full-time affiliate job, in addition to retaining 73 full-time and 16 part-time affiliate jobs.

MAP

423 Douglass Court, Iowa City, IA 52772

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