Iowa Administrative Code
Agency 261 - Economic Development Authority
Part X - Rural Housing Needs Assessment Grant Program
Chapter 212 - Vision Iowa Program
Rule 261-212.6 - Ineligible Projects
Universal Citation: IA Admin Code 261-212.6
Current through Register Vol. 47, No. 6, September 18, 2024
The board shall not approve an application for assistance under this program under any of the following circumstances:
1. To refinance an existing loan.
2. To fund a project that has previously received financial assistance under the vision Iowa program, unless the applicant demonstrates that the assistance would be used for a significant expansion of the project.
3. A project in which vision Iowa funding would constitute more than 50 percent of the total project costs. A portion of the resources provided by the applicant for project costs may be in the form of nonfinancial support.
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