The Downtown Revitalization Fund provides grants to communities for activities contributing to comprehensive revitalization in historic city centers or core downtown areas.
Donor Name: Iowa Economic Development Authority
State: Iowa
County: All Counties
Type of Grant: Grant
Deadline: 11/01/2022
Size of the Grant: $650,000
Details:
Approximately $3.4 million in federal Community Development Block Grant (CDBG) funds are available on an annual basis to cities and counties through the state of Iowa’s Downtown Revitalization program.
The program is primarily focused on building façade improvements to privately owned buildings in downtowns. Buildings with first floor residential use are prohibited from program participation. Work on roofs, for up to 40% of that building’s total costs, is also eligible.
Front façades of buildings and side facades, when clearly visible from the travel lane of the adjacent public street are eligible. Rear facades are eligible only underunique or rare circumstances. Upper story residential units are subject to Lead Based Paint requirements.
All incorporated cities and all counties in the State, except those designated as HUD entitlement areas, are eligible to apply for and receive funds under this program.
Funding Information
The maximum grant award is $650,000.
Who Qualifies?
- The project must meet the U.S. Department of Housing and Urban Development’s Slum and Blight National Objective
- To meet this objective, the application must document the extent or seriousness of deterioration in the area to be assisted, showing a clear adverse effect on the well-being of the area or community and illustrating that the proposed activity will alleviate or eliminate the conditions causing the deterioration
- A comprehensive building survey as well as a city resolution is necessary to meet this national objective.
For more information, visit IEDA.
