2026 4% Federal Housing Tax Credit Awards

Apartment Building Rendering

Awarded Projects Include:

Crescent Heights Apartment Homes

Council Bluffs

Apartment Building Rendering
  • New Construction for Families
  • 240 Units
  • Developer: Pedcor Development Associates, LLC
  • Total Development Costs: $75.9 Million
  • Tax Credits: $3,514,198
  • Tax-Exempt Bond: $25,000,000

The Wilmac

Dubuque

Apartment Building Rendering
  • Adaptive Reuse for Families
  • 112 Units
  • Developers: Hoppe & Son, LLC, Farley & Loetscher, LLC
  • Total Development Costs: $46 Million
  • Tax Credits: $1,861,829
  • Tax-Exempt Bond: $15,600,000

Rath Fifteen 15

Waterloo

Apartment Building Rendering
  • Adaptive Reuse for Families
  • 87 Units
  • Developers: 1515 Sycamore MM, LLC, Newbury Management Company
  • Total Development Costs: $33 Million
  • Tax Credits: $1,348,334
  • Tax- Exempt Bond: $8,700,000

Central at 8th

West Des Moines

Apartment Building Rendering
  • New Construction for Families
  • 156 Units
  • Developer: Union Development Holdings III, LLC (Annex Group)
  • Total Development Costs: $52.9 Million
  • Tax Credits: $2,273,755
  • Tax-Exempt Bond: $16,689,540