Iowa Admin. Code r. 265-11.6

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 265-11.6 - Public benefit

Before approving an Iowa main street loan, the department and the authority must find that the proposed project will result in one or more of the following:

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.

Iowa Admin. Code r. 265-11.6