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Carlisle supports Hubbell plan for 30 homes

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Hubbell Realty Co. plans to construct 30 affordable-housing units at its Danamere Farms development south of Iowa Highway 5 on Scotch Ridge Road in Carlisle.

On Monday, the Carlisle City Council voted to support Hubbell’s application to the Iowa Finance Authority for an allocation of low-income tax credits to help finance the estimated $4 million project.

“You get points if you have a letter of support from the local municipality,” said Steve Niebuhr, the West Des Moines-based developer’s senior vice president for construction and management services. He said construction is expected to begin in the fall and will take about nine months to complete.

Each of the 1,200-square-foot, two-bedroom units will feature an attached garage. To qualify to live in the restricted-income development, Niebuhr said, a single occupant must earn less than $30,840 a year.

“This is our first use of this type of product,” Niebuhr said of the proposed 15-building Danamere Farms project, adding that the low-density development will include fewer than seven units per acre. Depending on how fast those buildings are leased, Hubbell might eventually construct 25 or 30 additional apartments on the 8.78-acre site. “A second phase would eat up the rest of the land,” he said.

Shiffler Associates Architects PLC is the project architect. Hubbell Construction Services will be the general contractor.