Volker Development is proposing a new construction, high quality, 45-unit multifamily
apartment community that will bring added affordable, workforce housing stock to the Council Bluffs
community. As part of a 9% LIHTC project, the project’s units will be rent- and income-restricted with
set-asides at both 40% and 50% of Pottawattamie County’s Area Median Income (AMI). This infill
development will consist of a 4-story, double-loaded, wood-framed new construction project that will
consist of both 1-, 2- and 3-bedroom units.
If the rezoning application and comprehensive plan amendment is approved and upon receipt of a
tax credit award from the Iowa Finance Authority (IFA), the project would submit applications for a
Planned Residential Development Plan (PR) amongst any other needed land use approvals, for a late 2025
construction commencement. Construction would likely last 12-14 months for a 2027 completion date.

