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Knoxville’s Application For Section 42 Housing Project Proposal Submitted

Posted: Tuesday, January 7th, 2014 at 6:26 am
Author: KNIA KRLS News - Karen Overgaard

Knoxville City Manager Harold Stewart says the application is in and it’s time to wait to see if Knoxville is approved for a proposed Section 42 housing development project. The project, made possible with use of tax credits from the Iowa Finance Authority through the Tax Reform Act of 1986, would be built on Willett’s Drive, near the VA campus. Stewart says there are three categories to apply for, Knoxville would be in the rural housing category. He expects to know whether Knoxville’s application has been approved in the spring.