The City Council of Webster City will consider a resolution to support Wilson Estates LLC’s application for a Workforce Housing Tax Credit at its regularly-scheduled meeting tonight.

Wilson Estates is the development along Wall Street proposed by Kading Properties of Urbandale. The application is for 106 apartment units, about half of the planned 218 total units.

In Iowa, workforce housing tax credits are funded by the Iowa Economic Development Authority — IEDA — to build or renovate housing for middle-income people and families. The Des Moines Register reported in late 2024, a family needed to earn a minimum of $35,364 per year in 2013, to be classified as middle income. That jumped to $50,099 in 2022, and has continued to increase in the years since.

If approved by both the council and IEDA, Kading would be technically eligible for tax credits of up to 20% of its planned costs of $16,247,000 to build the first 106 units. The actual amount it finally receives, however, is subject to other rules, including a maximum benefit of $1 million per project. 20% tax credits apply only in 88 rural Iowa counties, which includes Hamilton County, rather than the other 11 counties that surround Iowa’s larger cities.

The extra incentive is designed to reward builders for new housing in rural Iowa, where construction of new housing has lagged in recent years. The tax credits come on top of tax-increment financing –TIF, previously approved by Council, that will repay Kading up to a total of $6.6 million if it builds the full 218 apartments.

City staff is expected to make a summary presentation of the proposed fiscal year 2026/27 budget for the City of Webster City. For those unable to attend tonight’s meeting, which begins at 6 p.m. at City Hall located at 400 Second St., a detailed budget document can be found on the city website.

That site is: https://webstercity.com. Select the government tab, then mayor and city council, then agendas and minutes, to get the agenda for tonight’s meeting.

Other matters expected to come before Council include a resolution to make routine transfers among city funds; first reading of a proposal to remove two and four-hour parking limits from the City Code; asphalt milling and repaving at four locations in town, and asphalt patching at another; disposition of the property at 128 Apple Avenue, and consideration of a proposal from Origin Homes, W. Des Moines, for purchase of five vacant lots in Brewer Creek Estates.