169245 - Main Street Iowa Challenge Grant

The Main Street Iowa Challenge Grant provides funding to support rehabilitation and restoration of commercial properties in designated Main Street districts across Iowa. Eligible applicants are local Main Street organizations that act as grantees on behalf of property owners. Grants range from $25,000 to $100,000 and require a 1:1 cash match (minimum 65% cash). Projects must be completed within a two‑year contract period and are reimbursed on a cost‑plus basis. • Eligible projects include façade, interior, structural repairs, or multi‑property improvements within Main Street districts. • Applicants must submit a single application via www.IowaGrants.gov by Aug 27 2026; award announcements expected Nov 7 2026. • Funds are disbursed reimbursements (partial up to 60% after ½ completion, final upon project close‑out). • Match requirements: 1:1 cash match; in‑kind contributions limited to 35% of the match. • Project oversight includes design review, compliance with local codes, and final inspection by Main Street Iowa staff.