Iowa Administrative Code
Agency 265 - IOWA FINANCE AUTHORITY
Chapter 11 - IOWA MAIN STREET LOAN PROGRAM
Rule 265-11.6 - Public benefit
Universal Citation: IA Admin Code 265-11.6
Current through Register Vol. 46, No. 19, March 20, 2024
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.
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