Cedar Rapids council approves first single-family home incentives

Midwest Development Co. will receive up to 50% reimbursement on infrastructure costs for 60 homes off Underwood Avenue SW.

By Jordan BeckPublished Jul 20, 2026, 5:50 PM CT · Updated Jul 27, 2026, 6:30 AM CT1 min read

AI-generated editorial scene: A wide-angle shot shows a flat, grassy field in eastern Iowa under bright, midday sunlight, with a line of mature trees marking the edge of a nearby park. In the foreground, a surveyor’s tripod stands on the mowed earth, positioned near a cluster of wooden stakes marking future utility lines. In the distance, the roofs of existing residential homes are visible against a clear blue sky. — AI-generated editorial photo · CR Pulse Graphics Desk

The Cedar Rapids City Council unanimously approved the first incentives under a new single-family home subdivision economic development program in July 2026.

Midwest Development Co. will build at least 60 homes off Underwood Avenue SW, south of Morgan Creek Park.

The package reimburses the developer for up to 50% of estimated public infrastructure costs totaling $3.9 million, according to the meeting coverage.

Construction will occur in phases of about 20 lots each over several years, with homes priced between $400,000 and $450,000.

"The project is the first to receive incentives through the city’s new single family home subdivision economic development program, which was added earlier this year to the city’s list of standard incentives programs," The Gazette reported.

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Sources

1.C.R. launches incentive program for single-family homes - thegazette.com — Google News — Cedar Rapids & Linn County
2.C.R. launches incentive program for single-family homes — The Gazette

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