Southern Meadow Homes is our second “Rent-to-Own” Low Income Housing Tax Credit (LIHTC) project consisting of 38 single-family homes. The Southern Meadow Homes are 3-Bedroom single-family town homes built in a city owned area that was blighted for many years.
Southern Meadows was built in the city’s near south side neighborhood consisting of mostly single family homes. The city wanted a development that would add to the existing housing stock and architecture. After winning a competition for the project, we met with neighborhood leaders and residents to design and build in-filled housing that was appropriate. The $9 million development incorporated LEED certification and energy efficient utilities.
Affordable home-ownership provides numerous economic and societal benefits and we believe that these homes will be a catalyst in helping to redevelop and improve central Des Moines neighborhoods.