54880 - CDBG Downtown Revitalization

The Iowa Economic Development Authority is offering up to $650,000 in Community Development Block Grant (CDBG) funds for commercial building façade improvements in downtown areas of Iowa cities and counties. Applicants must propose improvements to a minimum of six blighted commercial buildings (or eight for the maximum award) and provide local matching funds. The grant supports façade, side‑view, and roof work on privately‑owned structures, excluding first‑floor residential units, and requires architectural design services (non‑reimbursable). • Maximum award: $650,000; minimum award requires at least six blighted buildings. • Project period: October 31 2026 – October 31 2029 (≈3 years). • Applicants must submit a detailed blight survey, Chapter 403 resolution, and architect‑prepared cost estimates. • Compliance with 2 CFR 200 audit rules, Davis‑Bacon wage requirements, historic preservation (Section 106), and environmental review is mandatory. • Local matching funds from municipalities, property owners, or other sources are required; the grant is competitive and awarded based on best‑qualified proposals.