Iowa: Disaster Recovery New Housing Grant Program

The Iowa Economic Development Authority is seeking applications for its Disaster Recovery New Housing Grant Program.

Donor Name: Iowa Economic Development Authority (IEDA)

State: Iowa

County: Selected Counties

Type of Grant: Grant

Deadline: 12/31/2024

Size of the Grant: $10,000 to $100,000

Grant Duration: Grant Duration Not Mentioned

Details:

The Governor Reynolds announced a $10 million State Disaster New Housing Grant Program that will provide financial assistance for the development of for sale and rental housing in cities impacted by the disasters in counties Adair, Adams, Buena Vista, Cedar, Cherokee, Clarke, Clay, Emmet, Harrison, Jasper, Lyon, Mills, Montgomery, O’Brien, Plymouth, Polk, Pottawattamie, Ringgold, Shelby, Sioux, Union and Woodbury.

Eligible Housing Projects

The new construction of stick built housing or manufactured homes affixed to a permanent foundation and taxed as real estate located on grayfield, such as infill or vacant lots, and greenfield sites, along with upper-story housing development.
The housing units may be listed for sale or for rent.
Preference will be given to single-family detached units, duplexes, and townhouse style developments.
Housing units must be for owner-occupied or renter-occupied primary permanent residence and not offered for rent on a daily or weekly basis. No short-term rentals, such as through AirBnb or VRBO, are allowed.

Funding Information

$1 million per project
$50,000 per housing unit

Uses of Funds

Construction costs for materials and labor
Site development
Engineering and architectural services
Related soft costs specified in the application materials.
Disaster preventative measures such as a sump pump or backflow prevention valve or Safe Rooms designed in Accordance with FEMA P-361 may be included in the approved scope of work.

Eligibility Criteria

Private and nonprofit developers
Eligible developers must be eligible for federal contracts and must be in good standing with the Iowa Department of Revenue.

Ineligible Costs