Downtown Housing Grant

Supporting Revitalization

The newly created Downtown Housing Grant provides $20 million in financial assistance for projects supporting local downtown revitalization through new and renovated housing opportunities in communities under 30,000. This funding invests in building rehabilitation projects to increase local upper floor housing options. Projects creating or improving under 10 housing units are eligible for $100,000 to $300,000 while projects creating 10 plus units are eligible for $100,000 to $600,000. The City must be the applicant.

ELIGIBLE PROJECTS
  • Projects located in a community under 30,000 in population (2020 census)
  • Project focus must be the creation of new upper story housing in existing downtown buildings
  • Project can include one building per community or two adjacent buildings with same ownership
  • Vacant school buildings or other large, underutilized facilities within the vicinity of the downtown area
  • Project expenses can include:
    • Upper floor rehabilitation for housing
    • Structural stabilization of historic downtown buildings
    • Exterior building improvements relating to the housing project
    • Code and accessibility improvements for apartments
    • Exterior building amenities that directly complement the housing project (e.g. patios, tenant parking, etc.)
    • Residential units must have some interior amenity component (e.g. rooftop patios, laundry, LED lighting, High Efficiency HVAC, etc.) 
INELIGIBLE PROJECTS
  • Projects that include first floor storefront housing or residential temporary lodging
  • Projects located outside of the downtown district vicinity
  • Projects that do not include a housing element
  • Acquisition costs not considered part of the project costs or eligible expenses
  • Applications due January 31
  • Announcement of grant recipients March 23
  • Applications available on iowagrants.gov
For more information, contact:

Nick Sorensen

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