Iowa Lakes Corridor Development Corporation and Tyson Foods announce $150,000 housing project partnership

FOR IMMEDIATE RELEASE:
TUESDAY, SEPTEMBER 6, 2022
 

PRESS CONTACT:
Alyssa Petersen, Coordinator of Administration & Communication
Iowa Lakes Corridor Development Corporation
apetersen@lakescorridor.com
712-264-3474

Iowa Lakes Corridor Development Corporation and Tyson Foods Announce $150,000 Housing Project Partnership
Two Storm Lake housing projects to receive grants

STORM LAKE, IOWA – Tyson Foods through a partnership with The Iowa Lakes Corridor Development Corporation (Corridor) has announced two grants totaling $150,000 for affordable housing projects. The Sunrise Pointe Phase II project by Kading Properties and the West Winds Townhomes by Brash LLC will each receive grant funding toward their projects.

The City of Storm Lake on behalf of the Corridor opened applications for housing grants at the end of March, requesting proposals that met the housing goals and objectives of Storm Lake. Proposals were evaluated and scored on a competitive basis.

Storm Lake, like many communities across Iowa, has a continuing need for more affordable housing.  One of the major goals and priorities for Tyson Foods, The City of Storm Lake and the Corridor is to create, expand and maintain workforce housing. 

“We are excited about our partnership with The Iowa Lakes Corridor Development Corporation to bring more affordable housing to the residents in Storm Lake,” said Russ Dierenfield, group manufacturing director for Tyson Foods. “High costs can burden working families as well as the economic health of the region. Tyson is committed to helping our team members and the community in the best ways we can.”

West Winds Townhomes will be developed by Brash LLC, consisting of four buildings with two units per building, totaling eight single-family dwellings. The townhomes each feature two bedrooms, two full baths, 1,250 square feet and a two-car attached garage. These dwellings are estimated to start construction this month with a predicted completion date of July 2024.

Kading Properties is in the process of constructing Sunrise Pointe Phase II, a 170-unit housing development on the northeast side of Storm Lake. All units will be offered as market-rate rentals to ensure affordability by the community’s workforce. Unit types will include both three-bedroom/one-bathroom and three-bedroom/two-bathroom floorplans, all with an attached garage. The project also includes a greenspace parkland which will be dedicated to the city for the enjoyment of the residents and other members of the Storm Lake community, as well as a walking trail that will run the north, east, and west sides of the perimeter of the property to connect to the future public multiuse trail on the south.

“Kading is grateful for the support we’ve received from the entire Storm Lake community for the housing project we currently have under construction, which will provide 170 new rental townhomes for local families,” shared Carrie Woerdeman, CPM, Director of Development with Kading Properties. “The housing grant provided through partnership between the City of Storm Lake, Tyson Foods, and Iowa Lakes Corridor will help ensure the success of the project and is particularly impactful in this time of volatile material costs and supply chain uncertainty. We could not be more excited to become a part of the Storm Lake Community!”

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About the Iowa Lakes Corridor

The Iowa Lakes Corridor Development Corporation is the regional economic development agency for Buena Vista, Clay, Dickinson and Emmet counties. Its mission is to foster, encourage, aid, promote or otherwise assist in the economic growth and development of the region. For more information about the Iowa Lakes Corridor Development Corporation, call 712-264-3474 or visit www.lakescorridor.com

About Tyson Foods

Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the Company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the Company has approximately 137,000 team members. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.