Construction of the Akona Hills senior complex at 7221 SE 5th St. in DSM could begin later this year. Drawing courtesy of KCG Design Services
A $33 million senior housing complex will be constructed on Des Moines' south side, under a zoning request approved by the City Council this week.
Why it matters: There's an affordable housing deficit in central Iowa. The facility will bring about 144 units to a nearly six-acre site near Southridge Mall.
Details: KCG Development, an Indiana-based affordable housing company, plans to build the three-story Akona Hills complex at 7221 SE 5th St., around an interior courtyard.
- Apartments will have one or two bedrooms. A clubhouse will include a library, business center and screened patios.
What's ahead: KCG will apply for $15 million in Iowa tax credits next month, KCG development director CJ Lintner tells Axios.
- Construction could begin later this year with the first units available in 2023.
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