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Real Estate / Affordable Housing

New Affordable Housing Options in Ames, Iowa

Ames, Iowa is expanding its affordable housing options with the recent completion of the Townhomes at Creekside and ongoing Habitat for Humanity projects. These initiatives aim to provide safe, stable, and quality housing for low-income fam...

Nearly 40 low-income rental homes have opened near the Iowa State campus. What to know
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New Affordable Housing Options in Ames, Iowa Image via The Ames Tribune

Key Insights

  • **Townhomes at Creekside:** A 10-year, $13.6 million project has created 38 low-income rental units near Iowa State University, offering two, three, and four-bedroom options with rents ranging from $675 to $895 per month.
  • **Partnership Success:** The Townhomes at Creekside project was a collaboration between the City of Ames and HKG Development, utilizing low-income housing tax credits and city funds. Ames was particularly committed to this project.
  • **Habitat for Humanity:** DMACC's Building Trades program students are constructing Habitat for Humanity homes on South Wilmoth Avenue. Three homes were built last year, and two more are planned for the next school year.
  • **Geothermal Systems:** The Habitat for Humanity homes include energy-efficient geothermal systems.

In-Depth Analysis

The Townhomes at Creekside represent a significant investment in affordable housing in Ames. The units offer modern amenities such as ensuite washers and dryers, geothermal heat pumps, and open floor plans. Their location provides convenient access to public transportation (CyRide), grocery stores, schools, and shopping. The City of Ames acquired the land in 2015 and partnered with HKG Development in 2023 to secure $11.5 million in funding through Low-Income Housing Tax Credits (LIHTC). The city also contributed $2.1 million in HOME Funds to complete the project.

Habitat for Humanity's ongoing projects, supported by DMACC's Building Trades program, provide another avenue for affordable homeownership. Students gain valuable experience while contributing to the community's housing needs. The use of geothermal systems in these homes further enhances their sustainability and reduces long-term energy costs for homeowners.

**How to Prepare:**

  • **For Renters:** If you are a low-income family seeking affordable housing in Ames, check the apartments.com link mentioned in the original article. Contact 515-416-4563 for information on availability and application process.
  • **For Community Members:** Support local Habitat for Humanity and similar initiatives through donations or volunteer work.

**Who This Affects Most:**

  • Low-income families and individuals in Ames struggling to find affordable housing.
  • Students and young professionals seeking affordable rental options near Iowa State University.

Read source article

FAQ

How can I apply for the Townhomes at Creekside?

You can make requests online at the apartments.com link mentioned in the article or by calling 515-416-4563.

How can I support Habitat for Humanity in Ames?

You can donate to or volunteer with the local Habitat for Humanity chapter.

Takeaways

  • Ames is actively addressing affordable housing needs through partnerships and innovative projects.
  • The Townhomes at Creekside offer modern, affordable rental options for low-income families.
  • Habitat for Humanity, with the help of DMACC students, is building sustainable homes for families in need.
  • These initiatives contribute to community development and provide stable housing for residents.

Discussion

Do you think these new housing options will significantly impact the affordable housing situation in Ames? Let us know!

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Sources

Disclaimer

This article was compiled by Yanuki using publicly available data and trending information. The content may summarize or reference third-party sources that have not been independently verified. While we aim to provide timely and accurate insights, the information presented may be incomplete or outdated.

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Always do your own research (DYOR) before making any decisions based on the information presented.