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Developer seeking tax credits to transform derecho-damaged MAC building into affordable rental units

Published: January 10, 2024

A developer gained the city’s support to seek competitive Low Income Housing Tax Credits from the Iowa Finance Authority to transform the derecho-damaged MAC building at 1220 Jacolyn Dr. SW into a $16 million affordable housing facility.

Source: thegazette.com

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City Of Cedar RapidsUnited StatesCedar RapidsScott OlsonMidwest Athletic ClubCedar Rapids City Council OnIowa Finance AuthorityEconomic Development Coordinator Scott MatherJacolyn DriveCedar Rapids City CouncilLow Income Housing Tax CreditsDevelopment Coordinator Scott MatherCedar RapidWiley Boulevard