IEDA opens application for Workforce Housing Tax Credit Program

Written by Theresa Rose on February 3, 2015

February 3, 2015 (DES MOINES, IA) – The Iowa Economic Development Authority (IEDA) today opened the application for the Workforce Housing Tax Credit Program (WHTC), established by House File 2448.

The program makes state tax incentives available to developers building or rehabilitating housing in Iowa. To be eligible for the program, projects must meet one of four criteria:

Housing development located on a grayfield or brownfield site
Repair or rehabilitation of dilapidated housing stock
Upper story housing development
New construction in a greenfield (community with demonstrated workforce housing needs)

To learn more about the eligibility requirements and available tax benefits, go to www.iowaeconomicdevelopment.com/Community/WHTC. The WHTC program application is available at www.iowagrants.gov.