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City of Monmouth authorizes sale of property for housing development; developer would build 44 units of affordable housing
By Jane Carlson
For the Review Atlas
MONMOUTH The city has authorized the sale of seven acres of city-owned property to a developer who intends to build 44 units of affordable housing.
An ordinance authorizing the sale of the property for $1 to Iceberg Development of LeClaire, Iowa, for the Monmouth Townhomes project was approved Monday by the City Council.
“This ordinance would allow us to proceed with the sale of the property,” said City Administrator Lew Steinbrecher.
A recent housing study showed rental units are in short supply in Monmouth.
Bally Vaughn Back in the day, Bally Vaughn, an apartment complex on Washington Street, was the place to be. It was one of the nicer apartment complexes in town, recalls former Ward 8 Ald. Kris Theilen. When I got out of college in 1995, Bally Vaughn was right up there with Chatham Hills and other apartments that young people wanted to live in. No more. Built in the 1960s, Bally Vaughn since has been marked by crime, loud parties, complaints to police and chain-link fence, which went up after the complex shut down seven years ago. Vacant ever since, Bally Vaughn went into foreclosure before being sold at auction in 2017 to a Florida owner who vows better things.
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