Anderson Greene Adds Affordable Units Where Effects of Pandemic, Derecho Exacerbates Housing Needs in Cedar Rapids

Residents will soon start moving into the first phase of the new Anderson Greene, a mixed-income housing community in Cedar Rapids, Iowa. Cedar Rapids leaders say new affordable housing options are greatly needed, especially after the August 10 derecho storm and impacts of the current pandemic.

Anderson Greene is an $8.8 million energy-efficient and high-quality multifamily rental community that offers 44 total units, a combination of townhomes and apartments. The community provides housing for a mix of incomes, including 39 affordable units for residents at or below 30, 40, and 60 percent of area median income, with five units offered at market rate. A second phase with 48 units is now underway.

Developer Woda Cooper Companies hosted a first-look and tour for Anderson Greene’s first phase on October 28, 2020, for Cedar Rapids Mayor Brad Hart and Iowa Finance Authority Executive Director Debi Durham, plus a small group of community leaders, partners, and other supporters. Anderson Greene is the first development for Woda Cooper in Iowa, the firm’s 15th state in its footprint. Phase one is fully leased with a waiting list.