Group: Rising Des Moines rent outpacing low-income wages - KWWL - Eastern Iowa Breaking News, Weather, Closings

Group: Rising Des Moines rent outpacing low-income wages

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(AP) -

A housing shortage for low-income workers in Des Moines is being exacerbated by soaring rent costs, a local organization has found.

The Des Moines Register reports that rent in the city has increased by more than 15 percent in past five years.

The Polk County Housing Trust Fund also says that Polk and eastern Dallas counties are almost 8,000 units shy of meeting demand for single people making less than $15,000 annually.

Only one low-income housing, tax-credit development project was approved this year in Polk County by the Iowa Finance Authority.

The Libertad will provide 40 units for families and individuals who have struggled to find permanent housing.

Hubbell Realty Co. says all 1,966 new rental units built last year in Des Moines were market rate.

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