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
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