Iowa Code r. 265-11.2 - Public benefit

Projects are approved for an Iowa main street loan if they demonstrate one of the following public benefits:

1. Rehabilitation of upper floor housing or commercial properties or new construction development on infill vacant lots located in the downtown area of a participating city;
2. Housing in downtown areas located in a participating city; or
3. Stimulation of downtown area economic development within the context of historic preservation of the downtown area in a participating city.

Notes

Iowa Code r. 265-11.2
ARC 8413C, IAB 11/27/24, effective 1/1/25
Amended by IAB June 2, 2021/Volume XLIII, Number 25, effective 7/7/2021 Adopted by IAB November 27, 2024/Volume XLVII, Number 11, effective 1/1/2025

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