Redevelopment Tax Credit
Economic Development Authority
Free. Verify your email, then we send one reminder only.
- Posted
- Jul 2, 2026
- Amount
- $1,500,000
- Closes
- Sep 1, 2026 (in 17 days)
Amount
$1,500,000
Who can apply
Nonprofits, including small and volunteer-run organizations can apply here. Check the eligibility details below to see if your organization fits.
The application process is competitive and requires submission through IowaGrants.gov. Projects are reviewed and scored based on quality, feasibility, and financial need. Only eligible applicants may apply for tax credits under this program. Eligible applicants include individuals, limited liability companies (LLCs), S-corporations, nonprofits, estates, and trusts. Units of government (cities and counties) are not eligible applicants. Applicants must have site control at the time of application. Projects must also meet specific site eligibility criteria as grayfield or brownfield and demonstrate that the site condition and redevelopment scope align with program intent. To qualify for the higher sustainable development tax credit rate, projects must meet the Iowa Building Code Commissioner’...
About this opportunity
The Iowa Economic Development Authority (IEDA) administers the Redevelopment Tax Credit Program to encourage the revitalization of brownfield and grayfield sites across the state. By providing financial incentives to offset redevelopment costs, the program helps transform underutilized, vacant, or environmentally impaired properties into productive assets that contribute to Iowa’s economic growth and community well-being. With planning and attention to program guidelines, the Redevelopment Tax Credit Program can assist in financing an awarded project, while advancing the state community vitality and development goals. Grayfield - Site is an abandoned public or industrial or commercial property that meets the following criteria: Property’s infrastructure is outdated or prevents efficient us...