Anchor Housing Development Completes 48-Unit Affordable Community in Iowa

by Jeff Shaw

MASON CITY, Iowa — Anchor Housing Development has completed construction of Legacy Manor of Mason City II, a 48-unit affordable seniors housing community, in Mason City, approximately 120 miles north of Des Moines.

WNC, a California-based real estate investor, provided $5.9 million in low-income housing tax credit (LIHTC) equity to fund the development.

Legacy Manor of Mason City II is a three-story, elevator-serviced building comprised of two-bedroom apartment homes with approximately 800 square feet of space for residents aged 55 and older.

Daniel Tonnesen was project developer for the development, which took one year to complete. 

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