The program assists communities with preserving existing housing stock and creating new housing opportunities. The eligible housing activity includes: Upper Story Housing Conversion. The program is funded through the Federal Community Block Grant (CDBG) and must primarily benefit low and moderate income individuals. The Upper Story Housing Conversion program provides assistance for the conversion of existing downtown building space into new residential units.
Assisting construction or rehabilitation of housing in communities with workforce housing needs. This program provides tax benefits to developers to provide housing in Iowa communities, focusing especially on those projects using abandoned, empty or dilapidated properties. A Small Cities set aside for this program is available to eligible projects within the 88-least populous counties in Iowa.
The newly created Downtown Housing Grant provides $20 million in financial assistance for projects supporting local downtown revitalization through new and renovated housing opportunities under 30,000. This funding invests in building rehabilitation projects to increase local upper floor housing options.
The Northwest Iowa Regional Housing Trust Fund is an independent, nonprofit organization that has been established to address the housing needs in low and moderate income residents in Buena Vista, Clay, Dickerson, Emmet, Lyon, O'Brien, Osceola, and Sioux Counties. The mission of the Housing Trust Fund is to promote the creation and preservation of affordable housing for low to moderate income persons residing within the region.
A comprehensive housing needs analysis report for Storm Lake conducted by Maxfield Research & Consulting LLC. The study projects housing demand from 2017 through 2025.