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Affordable Housing Planned for Pella
Posted By News On December 10, 2012 @ 6:29 am In Today’s Local News | Comments Disabled
A new low-income housing complex is in the works for the west side of Pella. Overland Property Group just received a resolution of support from the city to apply for a section 42 tax credit. The planned site of the 32 unit property is across from the Ulrich Ford and Lincoln dealership and next to Sports Page. City Administrator Mike Nardini says that section 42 s different from section 8 housing. Section 42 housing is restricted to those that do not earn 60% of the median wage in the county. The state agency that decides on the section 42 permits has conducted a study of Pella, and determined that low-income housing is needed.
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