$23 Million in Credits Awarded to Iowa Historic Preservation Projects
For more information contact:
Jacque Matsen, Iowa Economic Development Authority
Historic preservation projects in seven Iowa towns to receive $23 million in credits
November 20, 2018 (Des Moines) – Awards totaling $23 million were announced today for historic preservation projects across the state. The Iowa Economic Development Authority (IEDA) registered seven projects to receive State Historic Preservation Tax Program credits through the program, which is administered by IEDA in partnership with the State Historic Preservation Office.
“When we rejuvenate old buildings, we rejuvenate our communities,” said IEDA Director Debi Durham. “From hotels, to educational museums and new residences, these projects turn buildings that could be blights in our communities into points of pride instead.”
For the October 2018 registration period, IEDA received 14 applications requesting $62 million in tax credits with approximately $23 million available for award. Projects were scored based on readiness, financing, and local support and participation.
The Historic Preservation Tax Credit program provides a state income tax credit to projects for rehabilitation of historic buildings. The program is designed to promote the retention of unique, character defining buildings and building features that contribute to a community and neighborhood. Rehabilitation must meet federal Secretary of Interior standards.
For more information on the Historic Preservation Tax Credit program, contact Dan Hansen at 515.348.6212 or firstname.lastname@example.org or visit iowaeconomicdevelopment.com.
Media inquiries should be directed to Jacque Matsen at email@example.com or 515.348.6245.