Habitat for Humanity of Greater Des Moines

New Markets Tax Credit Coalition

Des Moines,
IA
(2012)

Habitat for Humanity of Greater Des Moines

Affordable Housing, Community, Habitat for Humanity, Housing

$12 million in NMTC financing to build 94 Habitat for Humanity homes across Iowa.

Investment

NMTC Amount: $4,455,856
Total Project Cost: $4,455,856

IMPACT

12 FTE jobs
26 construction jobs
Construction of 27 affordable homes.

CDEs

Iowa Community Development

Investor

US Bank

Voices from the Community

NMTC’s are a tremendous tool to create needed neighborhood investment.

-Lance Henning, Habitat for Humanity, Greater Des Moines, Des Moines, Iowa

Project Description

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 to build 27 homes completed in May of 2013. GDM also 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 created 125 construction jobs and one full-time affiliate job, in addition to retaining 73 full-time and 16 part-time affiliate jobs.

MAP

Address: 1636 Des Moines Street, Des Moines, IA 50316

Census Tract: 19153005000

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