Newspaper Article Archive of
The Kalona News
Kalona, Iowa
Lyft

Newspaper Article Archive of
The Kalona News

December 5, 2018 Editorial: Cities finding solutions to increasing housing
Article Pages -- as published on the The Kalona News website.

Thumb Image
1
Thumb Image
2
Thumb Image
3
Thumb Image
4
Thumb Image
5
Thumb Image
6
 
 
 
 
Article Images -- images associated with the article, when available.

Thumb Image
1
Thumb Image
2
Thumb Image
4
 
 
 
 
 
 
 
 
 
 
ARTICLE DESCRIPTION:

Riverside and Kalona city councils have been working to create more new housing in their cities. Their efforts include city financial help for developers to build houses that are more affordable for buyers.

That assistance includes tax increment financing, where tax levels are frozen at their current level and increases in taxes due to the increased property value from the new development goes to pay for streets and other infrastructure or, as is the case in Kalona, the extra money will go to the developer to subsidize building costs.

There are caps on the total amount that will go to these projects.

Riverside is in the process of approving a 70-plus housing development on the north side of town. The City Council has been working with the developer to come up with a plan to meet market needs. This includes annexing the property into the city and approving zoning that gives the developer flexibility in adapting to market conditions if they change during the three phases of the project.

The Kalona City Council on Nov. 19 approved tax increment financing for a 12-lot project to build duplexes on 4.5 acres that is surrounded by already built homes.

Washington County cities recently hired a consulting firm to study the housing market in the county and recommend steps to improve the situation.

Nobody needs a study to know that the housing market in north Washington County is out of balance.

There are few houses on the market. When houses do come on the market, they often are snapped up within hours. Few houses have been built in recent years.

Real estate agents attending meetings with the consultants said the area needs more homes in the $150,000 to $250,000 price range.

Fortunately, Riverside and Kalona are not waiting for the study to move ahead with projects that are ready to move forward.

Both cities are being aggressive in using city financing to help developers build homes that are in the price range that the real estate agents say are most needed.

Newspaper Article Archive of The Kalona News produced by SmallTownPapers, Inc.
Website © 2019. All content copyrighted. Copyright Information.     Terms Of Use.     Request Content Removal.