Des Moines is witnessing a surge in innovative housing projects aimed at addressing the city’s affordable housing shortage. By repurposing underutilized spaces, these developments are set to provide much-needed housing options for residents.
Transforming Underused Properties
A recent report by the Polk County Housing Trust Fund has identified approximately 740 underused properties across the Des Moines metro area, including church parking lots, strip malls, and vacant office parks. These sites are being considered for conversion into affordable “missing middle” housing, such as duplexes and cottage courts. This initiative seeks to bridge the gap between single-family homes and large apartment complexes, catering to individuals earning at or below 80% of the area median income. However, regulatory challenges remain a barrier to these developments. A listening session is planned for fall 2026 to guide faith-based organizations interested in developing housing on their properties. Source
Oakridge Neighborhood’s Cynergy Project
Oakridge Neighborhood is launching a $15 million-plus development named Cynergy, aiming to address the shortage of larger affordable housing units in downtown Des Moines. The project will transform a former parking lot at 1230 Oakridge Drive into a mixed-use building featuring commercial space on the ground floor and three to four stories of residential units above. This initiative particularly targets the needs of working families who struggle with high rent burdens. The Des Moines City Council has preliminarily approved a $25,000 federal grant to aid in the site’s acquisition. Oakridge plans to finalize land acquisition and initiate a fundraising campaign soon. Source
Southridge Flats: A Major Housing Initiative
A significant new housing initiative, Southridge Flats, is being proposed to address ongoing shortages in affordable housing. The $62 million development aims to construct a 160-unit complex on vacant land just south of Southridge Mall. Developed by ECG Southridge, a branch of the Elmington development firm based in Tennessee, the project recently secured nearly $3 million in federal housing tax credits to aid in funding. Construction is expected to begin in fall 2026 and span approximately two years. The development not only expands affordable housing options but also seeks to integrate well with the surrounding infrastructure. Source
These projects exemplify Des Moines’ commitment to innovative solutions in expanding affordable housing, transforming underutilized spaces into vibrant communities for residents.